Are you sure?

Hungary retail sales drop yr/yr, flat on the month in November

Hungary's calendar year-adjusted retail sales volume in November 2010 fell 0.4% from the same month a year earlier, the Central Statistical Office (KSH) said on Tuesday.

The twelve-month drop was the second one in a row after a 0.7% fall in October and followed three months with no-drop or even increases. In July, retail sales rose yr/yr for the first time since March 2007.

Retail sales fell 2.5% in January-November from the same period a year earlier.

In a month-on-month comparison, retail sales were unchanged from October after declining 0.7% in October from September, seasonally- and calendar year-adjusted data show.

Retail turnover fell to HUF 639 billion at current prices in November from HUF 665.8 billion in October and was HUF 22.6 billion up from November 2009.

The figures do not include car and car part sales, in line with EU methodology.

Retail sales of food, beverages and tobacco declined a calendar-adjusted 0.6% yr/yr in November after a 1,3% drop in October. Non-food sales rose an adjusted 1.2% from November 2009 in the fifth yr/yr increase in a row. Sales of textiles, clothing and footwear fell 2.6% after a 0.5% drop in October, but furniture, household goods and construction material sales were up 2.2% as the rise continued undisturbed now since July.

In absolute terms, food, beverage and tobacco sales came to HUF 274.4 billion after HUF 284.2 billion in October, while non-food sales reached HUF 253.8 billion in November after HUF 258.4 billion in October.

In a month-on-month comparison, food, beverage and tobacco sales volume rose a slight 0.1% after a 0.7% drop in October and non-food sales rose 0.3% after dropping 0.6% in October. Sales of textiles, clothing and footwear were down 2.5% after a 2% drop a month earlier while sales of furniture, household goods and construction material rose 0.6% after a 0.5% in October.

Sales of fuel stations dropped 3.5% yr/yr in November and fell a calendar-adjusted 2.4% from October.

Car and car part sales, which are not part of the retail statistics, rose already yr/yr, exceeding their year-earlier volumes by 7.1%. Car and car part sales in the first eleven months were still down 12% yr/yr. (MTI-Econews)