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Hungary retail sales rise 0.7% on the month, up 0.1% yr/yr in January

Hungary's retail sales volume rose a calendar year-adjusted 0.1% in the twelve months to January and was up 0.7% from December according to seasonally and workday-adjusted figures, the Central Statistical Office (KSH) said on Wednesday.

The slight twelve-month rise came after three months of yr/yr decline, including a 1.7% drop in December. In July 2010, retail sales rose yr/yr for the first time since March 2007.

In a month-on-month comparison, retail sales were up 0.7% after a 0.6% drop in December. The rise was the biggest seasonally- and calendar year-adjusted monthly rise since February 2010.

Retail sales in Hungary fell 2.3% last year, declining for the fourth year in a row.

Car and car part sales, which are not part of the retail statistics, fell 6.7% in the twelve months to January after increases in the previous two months. Car and car part sales were still down over the year 10.0% from 2009.