Are you sure?

Hungary retail sales drop slows to 7.4% in December

Retail sales volume in Hungary fell a calendar year-adjusted 7.4% in December slowing from a 7.8% decline in November, the Central Statistical Office (KSH) said.

Twelve-month retail sales volume has dropped every month since February 2007. It fell 7.5% in October, 7.3% in September and 7.2% in August.

In a month-on-month comparison, retail sales fell 0.7% in December, according to seasonally- and calendar year-adjusted figures, slowing from a 0.8% fall in November.

In January-December, retail sales volume was down 5.2% from the previous year.

Retail sales -- including sales of vehicle fuel, in line with revised European Union statistical classifications totaled HUF 753 billion in December, at current prices, up from HUF 617.5 billion in November. Retail sales came to HUF 7,279 billion in January-December, down from HUF 7,558 billion in 2008.

Food sales fell 3.8% in December from the same month a year earlier. They dropped 3.9% in January-December.

Non-food sales were down 12.7% in December and fell 8.7% in January-December.

Fuel sales dipped 0.3% in December, but full-year sales were practically level with those in 2008.

Car and car parts sales, which are not included in retail sales data, plunged 44.3% in December and were down 41.3% in January-December. (MTI – Econews)