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Retail sales drop accelerates in November

Retail sales volume in Hungary fell a calendar year-adjusted 7.8% in November, accelerating from a 7.5% decline in October, the Central Statistics Office (KSH) said on Monday.

Twelve-month retail sales volume dropped 7.3% in September, 7.2% in August and 6.6% in July. The figure has dropped each month since February 2007.

In a month-on-month comparison, retail sales fell 0.8% in November, according to seasonally- and calendar year-adjusted figures, after a 0.6% fall in October.

In January-November, retail sales volume was down 5.0% from the same period a year earlier.

Retail sales - including sales of vehicle fuel, in line with revised European Union statistical classifications - totaled HUF 617.5 billion in November, at current prices, down from HUF 641 billion in October. Retail sales came to HUF 6,524 billion in January-November.

Food sales fell 6.6% in November from the same month a year earlier. They dropped 4.0% in January-November.

Non-food sales were down 11.1% in November and fell 8.4% in January-November.

Fuel sales dipped 1.5% in November and were almost unchanged in January-November.

Car and car parts sales, which are not included in retail sales data, plunged 46.4% in November and were down 40.7% in January-November. (MTI-ECONEWS)