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Retail Sales Growth in Hungary Slowed to Nearly Zero

• 6 Dec 2022 6:06 AM
• Hungary Matters

Retail sales growth in Hungary slowed to an annual 0.6% in October, propped up by sales of motor fuel, the Central Statistical Office (KSH) said.

Adjusted for calendar-year effects, retail sales grew at the same pace.

Adjusted food sales fell by 5.6% in October and non-food sales edged down by 0.9%, while motor fuel sales climbed 19.7%.

In absolute terms, retail sales came to 1,520 billion forints (EUR 3.7bn).

Food sales accounted for 46% of the total, non-food sales for 36% and sales at petrol stations for 18%.

Retail sales growth has slowed every month since April.

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