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Hungary retail sales growth up at 1.1% in year to November

Retail sales in Hungary grew a calendar-adjusted 1.1% in November 2011 from a year earlier and were up 0.2% from October according to data adjusted for seasonal and calendar effects, the Central Statistics Office (KSH) said on Wednesday.

The year-on-year rise was the biggest increase so far last year although it was from a low base. The monthly rise came after two months of stagnation.

Unadjusted retail sales were worth HUF 686.3bn in November, down from HUF 708.1bn in October.

January-November retail sales were up 0.1% from a year earlier.

Retail sales were down 2.3% in volume terms in 2010 after dropping 5.1% in 2009 adjusted for calendar effects. Last time they grew was in 2006.