Sales of retail shops grew by 6.2% y.o.y. in December

Retail

In December 2021, the volume of sales in retail trade increased by 6.7% according to raw data and by 6.2% when adjusted for calendar effects compared to the same period of the previous year, according to data published by the Central Statistical Office (KSH).

Compared to December 2020, the volume of sales increased by 2.7% in specialized and non-specialized food retailing, within this the volume of sales also increased by 2.7% in non-specialized food and beverages shops accounting for 77% of food retailing and by 2.1% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing increased by a total of 8.7%. Sales volumes rose by 37% in textiles, clothing, and footwear shops, by 34% in second-hand goods shops, by 12% in pharmaceutical, medical goods, and cosmetics shops, by 9.5% in books, computer equipment and other specialized stores, and by 5% in non-specialized shops dealing in manufactured goods. Sales volumes fell by 0.6% in furniture and electrical goods stores.

Mail order and internet retailing, which covers a wide range of goods and accounts for 10% of retail sales, grew in volume by 1.4%.

Sales volumes in automotive fuel stations increased by 11.5%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 11%.

In December 2021, domestic retail sales amounted to HUF 1,466 billion at current prices. Specialized and non-specialized food shops accounted for 46% of all domestic retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 41% and 13% respectively.

In 2021, the volume of retail trade went up by a calendar-adjusted 3.5% compared to 2020. The volume of sales rose by 2.2% in specialized and non-specialized food shops, by 4.9% in non-food retail trade, and by 4.9% in automotive fuel retail trade.

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