UPDATE - Retail sales inch up 0.4% in August
Retail sales in Hungary edged up a calendar year-adjusted 0.4% in August from the same month a year earlier, the Central Statistics Office (KSH) said on Friday.
The year-on-year rise followed a 1.3% fall in July.
Retail sales totaled HUF 710bn in August.
Food sales climbed 0.4% and non-food sales were up 2.5%. Car and car parts sales, which are not included in the headline figure, in line with EU methodology, fell 5.5%. Retail sales of fuel were down 2.4%.
In a calendar year- and seasonally-adjusted month-on-month comparison, retail sales were also up 0.4%, after falling in July and June. Food sales rose 0.6% and non-food retail sales increased 0.9%.
In January-August, retail sales were down 0.2% from the same period a year earlier. Retail sales totaled HUF 4,988bn during the period. Food sales made up 45% of the total, non-food sales 36% and fuel sales 19%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.