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.

Click here to read the full report

  • How does this content make you feel?

XpatLoop Media Partner

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.

Explore More Reports

  • Latest Retail Sales in Hungary Up 4.1%

    Latest Retail Sales in Hungary Up 4.1%

    • 4 Aug 2022 10:04 AM

    Hungarian retail sales in June grew by an annual 4.1%, down from 12% growth in May, the Central Statistical Office (KSH) said on Wednesday.

  • Analysis: Recent Retail Sales Jump

    Analysis: Recent Retail Sales Jump

    • 7 Jul 2022 10:03 AM

    Retail sales in Hungary rose by an annual 12.0% in May, data released by the Central Statistical Office (KSH) on Wednesday show.

  • Major Retailer Sees No Food Shortage But High Prices in Hungary

    Major Retailer Sees No Food Shortage But High Prices in Hungary

    • 5 Jul 2022 10:25 AM

    There is no need to worry that there will be a serious shortage of anything, but the price of some products will rise dramatically, which is simply a fact, Gabriella Heiszler CEO of retail chain Spar Magyarország told personal finance website Pénzcentrum on Monday.

  • Retail Sales Climb 15.7% in April in Hungary

    Retail Sales Climb 15.7% in April in Hungary

    • 7 Jun 2022 10:10 AM

    Retail sales in Hungary rose by an annual 15.7% in April, the Central Statistical Office (KSH) said on Friday. Adjusted for calendar year effects, retail sales climbed by 15.8%, showing double-digit growth for the second month in a row.