Retail sales growth accelerates to 4.3% in June

Deals

Retail sales in Hungary climbed 4.3% in June from the same month a year earlier, accelerating from a 3.0% increase in May, Hungarian news agency MTI reported, citing data released by the Central Statistical Office (KSH) on Friday.

Calendar-adjusted data show retail sales were up 5.2% year-on-year in June. Adjusted food sales were up 2.1%, non-food sales climbed 8.7% and vehicle fuel sales were up 7.4% year-on-year.

In the non-food segment, adjusted sales of clothing retailers rose 13.7%, sales of second-hand goods were up 0.9%, and sales at chemists climbed 7.1%. Sales of book and computer shops were down 0.7%. Sales in furniture shops fell 1.0%.

Online and mail order sales rose 37.9%, but still accounted for around 5.4% of total retail sales. Sales at petrol stations were up 7.4%. Sales of motor vehicles and vehicle parts, which are not included in retail sales, were up 5.8%.

In absolute terms, retail sales came to HUF 1,025 billionn in June.

In January-June, calendar year-adjusted retail sales rose 5.7% year-on-year while unadjusted sales were up 5.6%. Adjusted food sales rose 2.9%, non-food sales climbed 8.5% and fuel sales increased 7.9%.

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.