Retail sales rose 6.2% y.o.y. in June

Figures

Retail sales in Hungary rose 6.2% year-on-year in June, climbing for the third month in a row, albeit from a low base, after eight months of declines, according to data released by the Central Statistical Office (KSH).

Retail sales rose 5.8% when adjusted for calendar year effects. Adjusted food sales increased 7.2% and non-food sales climbed 3.0%.

Vehicle fuel sales increased 8.6%. Sales of clothing and footwear shops rose 18% and second-hand shop sales jumped 31% but sales in furniture stores were down 23%.Package delivery and online sales were up by 19% and accounted for 8.8% of retail sales.

In absolute terms, retail sales reached HUF 1.211 trillion, at current prices. Food sales accounted for 46% of the total, non-food sales for 38% and vehicle fuel sales 16%.

For the period January-June, retail sales rose 2% year-on-year and were also up 2% adjusted for calendar year effects. Adjusted food sales were up 1.5%, non-food sales rose 3.1% and vehicle fuel sales increased 2.9%.

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