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KSH: May retail sales grow at slower rate

Telco

Retail sales in Hungary rose 4.9% in May as compared with a year earlier, according to calendar-adjusted figures, the latest publication of Central Statistics Office (KSH) revealed today.

According to the first reading of the data, published on July 3 by KSH, the figures were expected to reach 5.1%.

The increase in May is less than in April, when there was a calendar-adjusted increase of 6.3%.

KSH said that the figures for the period of January-July 2014 are not comparable with those for the same period of 2013, as the statistics office has been using different data sources since introduction of the state monopoly on retail tobacco sales in the middle of 2013.

In the non-food segment, sales of shops proffering industrial goods, textile, clothing and shoes rose 18.1%, sales of industrial goods were up 10.7%, sales of second-hand goods increased 6.4%, and sales of pharmaceuticals and cosmetics rose 4.4% in the year to May. Sales volume was down at furniture shops, bookshops and shops selling IT products.

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