Retail Sales Down 1.8 Percent In January In Hungary

  • 5 Mar 2021 12:10 PM
  • Budapest Business Journal
Retail Sales Down 1.8 Percent In January In Hungary
In January 2021, the volume of retail sales decreased by 2.6% according to raw data and by 1.8% when adjusted for calendar effects compared to the same period of the previous year, according to data by the Central Statistical Office (KSH).

Compared to January 2020, the volume of sales increased by 1.5% in specialized and non-specialized food retailing.

The volume of sales increased by 3.4% in non-specialized food and beverages shops accounting for 76% of food retailing and decreased by 3.3% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing decreased by a total of 2.2%. Sales rose in non-specialized shops dealing in manufactured goods (9.2%).

The volume of sales fell in pharmaceutical, medical goods and cosmetics shops (8.2%), furniture and electrical goods stores (13%), books, computer equipment, and other specialized stores (14%), textiles, clothing and footwear shops (21%) as well as in second-hand goods shops (24%).

The volume of mail order and internet retailing accounting for 9.4% of all retail sales and involving a wide range of goods rose by 36%, continuing a multi-year expansion.

The volume of sales in automotive fuel stations decreased by 8.5%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 26%.

The volume of "market and other non-store retail sales" in "non-food retailing", which accounted for only 0.6% of all retail sales, fell by 14%, according to raw data.

Domestic retail sales amounted to HUF 948 billion at current prices in January 2021. Specialized and non-specialized food shops accounted for 48% of all retail sales, while the relevant figures for non-food retail trade of petrol stations were 37% and 15% respectively.

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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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