August Retail Sales Rise 2.4% in Hungary
- 7 Oct 2022 11:35 AM
- Budapest Business Journal
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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