Retail Sales Up 8.5% In March

  • 10 May 2018 8:33 AM
  • Budapest Business Journal
Retail Sales Up 8.5% In March
In March 2018, the volume of sales in retail shops increased by 8.5% according to raw data and, mainly due to the Easter effect, by 7.1% adjusted for calendar effects year-on-year, according to a first estimate of monthly retail trade figures from the Central Statistical Office (KSH).

The volume of sales, adjusted for calendar effects, rose by 7.0% in specialized and non-specialized food shops, by 7.8% in non-food retail shops, and by 5.1% in automotive fuel retail, KSH data show.

In January–March 2018, the volume of sales – also according to calendar-adjusted data – was 7.2% higher than in the corresponding period of the previous year. Sales in the first quarter rose by 5.1% in specialized and non-specialized food shops, by 9.7% in non-food retail shops, and by 7.5% in automotive fuel retail.

A second, more detailed estimate of March retail trade data will follow on May 24.

An overview and forecasts on the food retail market were recently published by credit insurance company Euler Hermes.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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