KSH: February retail sales volume up 6.7%* y.o.y.


The Central Statistics Office (KSH) released a preliminary estimate for retail sales in February 2014; on headline-reading, said estimate put the volume of retail sales as increasing 6.7% year-on-year. Further, sales volumes increased by 8.4% y.o.y. in food, drinks and tobacco shops; 4.4% in non-grocery retail trade; and 6.4% in automotive fuel retail.

But not even the eagle-eyed are required to notice a suspiciously high overall increase, the highest jump (in a traditionally low purchase-volume month, no less) since September 2005.

Additionally, recent rises in the economic indicator may be noted: See December 2013 (with an 1.8% y.o.y. increase in retail sales volume), October 2013 (up 2.5%) and September 2013 (0.3%); also different is the sudden lumping-in of tobacco shops with food and beverages for the sake of statistical reportage. 

Since March 10, KSH has relied solely on data from the National Tobacco Sales Non-Profit (NTSN), the umbrella comptroller organization for the central government. Certainly NTSN would have little reason to cook the books on tobacco sales in Hungary, but drops seen in recent months post-national shop scheme will not be, let’s say, so evident.

In its official briefing, KSH noted that “As a result of the tobacco sales-related methodological changes, the volume index of retail sales was up 2.4% y.o.y. for the month.” Quite a statistical adjustment, then…


Duna House Profit Rise 36% y.o.y. Figures

Duna House Profit Rise 36% y.o.y.

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Number of Registered Jobseekers Falls Slightly HR

Number of Registered Jobseekers Falls Slightly

Tourism Nights Slightly up in April 2023 Tourism

Tourism Nights Slightly up in April 2023


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.