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Hungary retail sales volume rises for first time since 2007

Hungary's calendar year-adjusted retail sales volume climbed 1.7% in July from the same month a year earlier, rising for the first time since March 2007, data published by the Central Statistical Office (KSH) on Wednesday show.

Retails sales volume rose 1.0% in July from June, according to seasonally- and calendar year-adjusted data. The month-on-month increase followed declines of between 0.1% and 0.7% for four consecutive months.

Retail turnover reached HUF 672.6 billion in July, up from HUF 630.2 billion in the previous month and HUF 643.7 billion twelve months earlier.

Twelve-month retail sales of food, beverages and tobacco climbed 1.1% in July and non-food sales were up 3.4%. Sales of textiles, clothing and footwear rose 2.8% and furniture and household goods sales were up 5.5%.

In absolute terms, food, beverage and tobacco sales came to HUF 299.9 billion in July, while non-food sales reached HUF 250.9 billion.

In a month-on-month comparison, food, beverage and tobacco sales rose 0.7% and non-food sales increased 0.6%. Sales of textiles, clothing and footwear inched up 0.1% and sales of furniture and household goods rose 0.4%.

Retail sales of vehicle fuel fell 1.6% in July from the same month a year earlier. Sales climbed 2.6% in a month-on-month comparison. In absolute terms, vehicle fuel sales reached HUF 121.8 billion in July. (MTI-Econews)