KSH: Hungary’s retail sales up 1.6%

Food

Retail sales in Hungary were up 1.6% in January and rose by 2.1% adjusted for calendar effects, as compared to the same month a year earlier, Hungary’s Central Statistical Office (KSH) said today in a report.

The volume of sales adjusted for calendar effects decreased by 1.5% in food, drinks and tobacco stores, KSH reported, adding that the decrease was primarily influenced by a high base effect. The turnover increased by 5.7% in non-food retail trade and by 4.4% in automotive fuel retailing, KSH added.

As compared to the previous month, the unadjusted rise of retail sales was down from 5% in December, according to data by KSH.

KSH data shows that in 2015 overall, retail sales were up 5.7% according to unadjusted data and rose 5.8% according to adjusted data.

KSH noted that legislation requiring most big retailers to remain closed on Sundays came into force in mid-March of last year, but said that more time and data were needed to gauge the effects of the law, Hungarian news agency MTI reported.

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.