August Retail Sales Rise 2.4% in Hungary

  • 7 Oct 2022 11:35 AM
  • Budapest Business Journal
August Retail Sales Rise 2.4% in Hungary
In August 2022, the volume of sales in retail trade increased by 3.3% according to raw data, and by 2.4% when adjusted for calendar effects compared to the same period of the previous year, according to data published by the Central Statistical Office (KSH).

According to calendar-adjusted data, the volume of sales decreased by 3.7% in non-specialized food and beverages shops accounting for 75% of food retailing and increased by 0.3% in specialized food, beverage, and tobacco stores.

The turnover of non-food retailing increased by a total of 0.5% in volume. Sales volumes rose by 6.2% in second-hand goods shops, by 3.7% in books, computer equipment and other specialized stores, by 2.6% in non-specialized shops dealing in manufactured goods, and by 2% in pharmaceutical, medical goods, and cosmetics shops.

Sales volumes decreased by 0.8% in furniture and electrical goods stores and by 0.9% in textiles, clothing, and footwear shops.

The volume of mail orders and internet retailing accounting for 7.5% of all retail sales and involving a wide range of goods fell by 3.1%.

The volume of sales in automotive fuel stations increased by 18.4%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 12%.

In August 2022, domestic retail sales amounted to HUF 1.487 trillion at current prices. Specialized and non-specialized food shops accounted for 47% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 35% and 18% respectively.

In January–August 2022, the volume of retail trade increased by a calendar-adjusted 8.4% compared to the same period of 2021. The volume of sales rose by 0.9% in specialized and non-specialized food shops, by 9.6% in non-food retail trade, and by 28% 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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