Hungary retail sales fall 2.9% in March
Retail sales in Hungary fell a calendar year-adjusted 2.9% year-on-year in March, accelerating from a 1.2% decline in the previous month, the Central Statistics Office (KSH) said on Friday. The March drop was revised slightly from a 2.8% decline in a first reading published on May 6. Retail sales were down every month yr/yr in the past twelve months. Food sales dropped a calendar-year-adjusted 1.1% in March. Non-food sales fell 3.4% and vehicle fuel sales were down 4.8%. Unadjusted data show retail sales edged down 0.4% in March, slowing from a 2.3% decline in February. Sales of vehicles and vehicle parts, which are not part of the EU retail statistics, dropped 9.9% according to unadjusted data. In a month-on-month comparison, sales were down by a seasonally- and calendar-adjusted 0.7% in March from February after no change in the previous month. Food sales edged up 0.1%, non-food sales inched down 0.8%, and vehicle fuel sales were down 0.3%. In absolute terms, retail sales came to HUF 659.7 billion in March. Food sales reached HUF 320.9 billion and non-food sales were HUF 217.9 billion.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.