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%.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.