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Hungarian retail sales volume falls adjusted 3.2% in February

Retail sales volume in Hungary fell a calendar year-adjusted 3.2% yr/yr in February, the Central Statistical Office (KSH) said.

Retail sales dropped 0.5% from January, according to seasonally- and calendar year-adjusted figures.

January-February sales volume was down 3.0% from the same period a year earlier.

KSH's retail sales figures have included sales of vehicle fuel since January 2009, in line with a new statistical classification of economic activities in the EU.

Unadjusted twelve-month retail sales fell 4.9% in February, dropping at a faster rate than the 3.3% decline in January.

Unadjusted twelve-month retail sales have fallen every month since April 2007.

Unadjusted twelve-month food sales fell 2.5% in February and non-food retail sales declined 10.1%. Car and car parts sales plunged 29.5%, but fuel sales rose 0.7%. Drug sales fell 4.5%, while sales of cosmetics rose 6.0%. Sales of furniture, household appliances and building materials dropped 19.5%, accelerating from a 11.5% contraction in January. Clothing and footwear sales fell just 2.7% and book, newspaper and paper product sales were down 5.9%.

Retail accounts for more than 60% of the consumer basket in Hungary. (MTI – Econews)