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Hungary retail sales start to fall again in October

Hungary's calendar year-adjusted retail sales volume fell 0.7% in October from the same month a year earlier, the Central Statistics Office (KSH) said on Wednesday.

Twelve-month retail sales volume rose 0.9% in September and was flat in August. In July, retail sales rose for the first time since March 2007.

Retail sales fell 2.7% in January-October from the same period a year earlier.

In a month-on-month comparison, retail sales declined 0.7% in October after rising 0.4% in September, according to seasonally- and calendar year-adjusted data.

Retail turnover fell to HUF 665.8 billion at current prices in October from HUF 653.6 billion in September. Sales were up from HUF 641.3 billion in October 2009.

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

Retail sales of food, beverages and tobacco declined 1.3% yr/yr in October after growing 1.3% in September. Non-food sales were down 1.8% after rising 0.4% in September. Sales of textiles, clothing and footwear were down 0.5% after growing 9.3% in September, and furniture and household goods sales were up 0.2% after rising 3.2% in September.

In absolute terms, food, beverage and tobacco sales came to HUF 284.2 billion in October after 276.9 billion in September, while non-food sales reached HUF 259 billion after HUF 264 billion in September.

In a month-on-month comparison, food, beverage and tobacco sales fell 0.7% after rising 0.4% in September and non-food sales were down 0.7% in October after growing 0.3% in September. Sales of textiles, clothing and footwear were down 0.1% after a rise of 2.5% in September and sales of furniture and household goods fell 0.5% in October after increasing 0.1% in September. (MTI-ECONEWS)