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Hungary retail sales volume flat in August

Hungary's calendar year-adjusted retail sales volume was unchanged in August compared to the same month a year earlier, after rising in July for the first time since March 2007, data published by the Central Statistics Office (KSH) on Thursday show.

Retail sales volume declined 0.6% in August from July, according to seasonally- and calendar year-adjusted data. The month-on-month decline followed an increase in July and declines between 0.1% and 0.7% in the four months between March and June.

Retail turnover reached HUF 662.4 billion in August, down both from HUF 672.6 billion in the previous month and from HUF 637.2 billion twelve months earlier.

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

Retail sales of food, beverages and tobacco dropped 0.8% in the twelve months to August 2010 and non-food sales were up 1.2%. Sales of textiles, clothing and footwear fell 3.4% yr/yr and furniture and household goods sales were up 3.4%.

In absolute terms, food, beverage and tobacco sales came to HUF 292.9 billion in August, while non-food sales reached HUF 247.2 billion. In a month-on-month comparison, food, beverage and tobacco sales fell 0.7% and non-food sales were down 0.5%. Sales of textiles, clothing and footwear were down 2.2% and sales of furniture and household goods fell 0.2%. (MTI-Econews)