Retail Sales in Hungary Up 9.8% in February

  • 7 Apr 2022 6:44 AM
  • Budapest Business Journal
Retail Sales in Hungary Up 9.8% in February
In February 2022, the volume of retail trade in both raw and calendar-adjusted data was 9.8% higher than in the same month of the previous year, according to data by the Central Statistical Office (KSH).

Compared to February 2021, the volume of sales increased by 3.4% in specialized and non-specialized food retailing. The volume of sales increased by 3.2% in non-specialized food and beverages shops accounting for 76% of food retailing and by 3.9% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing increased by a total of 14.6% in volume. Sales volumes rose by 50% in second-hand goods shops, by 40% in textiles, clothing, and footwear shops, by 16% in pharmaceutical, medical goods and cosmetics shops, by 15% in books, computer equipment and other specialized stores, by 12% in non-specialized shops dealing in manufactured goods and by 9.1% in furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 9.1% of all retail sales and involving a wide range of goods rose by 9.2%, continuing a multi-year expansion, KSH notes.

The volume of sales in automotive fuel stations increased by 19%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 7.6%.

In February 2022, domestic retail sales amounted to HUF 1.149 trillion at current prices.

Specialized and non-specialized food shops accounted for 45% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 37% and 18% respectively.

January-February retail sales up 7% y.o.y.

The volume of retail trade in the first two months of 2022 increased by 7% compared to January-February 2021.

The volume of sales rose by 1.7% in specialized and non-specialized food shops, by 10.4% in non-food retail trade, and by 14.8% in automotive fuel retail trade.

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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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