Hungary’s Retail Sales Down 0.8% In November

  • 8 Jan 2021 9:02 AM
  • Budapest Business Journal
Hungary’s Retail Sales Down 0.8% In November
In November 2020, the volume of sales in retail shops decreased by 0.3% according to raw data and by 0.8% when adjusted for calendar effects compared to the same period of the previous year, according to data published by the Central Statistical Office (KSH).

In November 2020, adjusted for calendar effects, the volume of sales increased by 1.8% in specialized and non-specialized food retailing compared to the same period of the previous year.

The volume of sales increased by 3% in non-specialized food and beverages shops accounting for 77% of food retailing and decreased by 2.6% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing decreased by a total of 1%. Sales rose in pharmaceutical, medical goods, and cosmetics shops (6.2%).

The volume of sales fell in non-specialized shops dealing in manufactured goods (2.6%), books, computer equipment and other specialized stores (10%), furniture and electrical goods stores (21%), textiles, clothing and footwear shops (27%), as well as in second-hand goods shops (28%).

The volume of mail order and internet retailing accounting for 12% of all retail sales and involving a wide range of goods rose by 43%, continuing a multi-year expansion.

The volume of sales in automotive fuel stations decreased by 9.4%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 13%, KSH notes.

In November 2020, sales in the national retail trade network as well as in mail order and internet retailing were HUF 1.109 trillion at current prices.

Food, drinks, and tobacco stores accounted for 45% of all retail sales, while the relevant figures for non-food retail shops and the network of petrol stations were 42% and 13% respectively.

In the first 11 months of 2020, the volume of sales in retail shops increased by 0.2% compared to January-November 2019. The volume of sales rose by 3.2% in specialized and non-specialized food shops, by 0.7% in non-food retail trade, and decreased by 9.8% in automotive fuel retailing.

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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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