Retail sales up 4.8% in 2017

Deals

pixabay

In December 2017, the volume of sales in retail shops increased by 4.7% according to raw data, and by 5.9% adjusted for calendar effects, compared to the same month of the previous year, says a first estimate of retail figures released Monday by the Central Statistical Office (KSH).

The volume of sales in December, adjusted for calendar effects, rose by 2.1% in specialized and non-specialized food shops, by 10.4% in non-food retail shops, and by 4.1% in automotive fuel retail.

Overall monthly sales growth slowed from 6.7% in November.

In 2017 as a whole, the volume of sales – also according to calendar-adjusted data – was 4.8% higher than in 2016.  Adjusted food sales were up 2.6%, non-food sales climbed 8.3%, and fuel sales rose 3.3% year-on-year in 2017.

Analysts interviewed by state news agency MTI said they expect retail sales growth to continue at a similar pace in the coming months.

Gergely Suppan of TakarékBank forecast 5% retail sales growth for the full year 2018, while Gergely Ürmössy of Erste Bank predicted growth of around 4.5%.

The KSH will publish a second reading of retail sales figures for December and the full year of 2017 on February 22.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.