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KSH confirms slowing retail sales growth in July

Figures

In July 2018, the volume of sales in the national retail trade network, as well as in mail order and internet retail, rose by 5.4% according to raw data, and by 5.3% adjusted for calendar effects, compared to the same period of the previous year, the Central Statistical Office (KSH) confirmed in a second reading of data.

The figure marks a deceleration from the 6.8% retail growth in June. The unadjusted and adjusted figures are the same as in the first reading for July retail sales published on September 5.

The volume of sales, adjusted for calendar effects, rose by 1.9% in specialized and non-specialized food shops, by 9.4% in non-food retail shops, and by 5.6% in automotive fuel retail.

Within food retail, the volume of sales grew by 2.5% in non-specialized food and beverages shops (accounting for 76% of food retail), and by 0.4% in specialized food, beverage and tobacco stores.

Within non-food retail, sales rose in stores selling furniture and electrical goods (11%), manufactured goods (10%), pharmaceutical, medical and cosmetic goods (6.8%), books, computer equipment and other specialized items (6.7%), textiles, clothing and footwear (6.7%), and second-hand goods (0.9%).

The volume of mail order and internet retail, accounting for 3.5% of all retail sales and involving a wide range of goods, rose by 19%, continuing a multi-year expansion.

Sales of motor vehicles and motor vehicle parts and accessories, which are not included in overall retail data, increased by 8.3%.

In absolute terms, sales in the national retail trade network, as well as by mail order and internet, totaled HUF 996 billion at current prices in July 2018.

Food, drink and tobacco stores accounted for 45% of all retail sales, while the relevant figures for non-food retail shops and the network of petrol stations were 37% and 18%, respectively.

In January–July 2018, the volume of sales – according to calendar-adjusted data – was 6.7% higher than in the corresponding seven-month period of the previous year, a figure likewise unchanged from the first estimate.

The volume of sales rose by 4.0% in food, drink and tobacco shops, by 9.8% in non-food retail, and by 7.2% in automotive fuel retail during January–July.

A first estimate of retail trade data for August 2018 will be published on October 3, with a second estimate following on October 24.

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