Latest Retail Sales Figures in Hungary Fall for the First Time in Years
- 7 Feb 2023 11:10 AM
- Hungary Matters
Retail sales growth in Hungary dropped by an annual 4.8% in December, falling for the first time since the spring of 2021, the Central Statistical Office (KSH) said.
Adjusted for calendar year effects, retail sales slipped by 3.9%.
Adjusted food sales fell by 8.3% and non-food sales edged down 0.4%, while motor fuel sales rose by 1.3% after months of a double-digit growth.
Retail sales had increased by 0.6% in the previous two months. In absolute terms, retail sales came to 1,765 billion forints.
Food sales accounted for 48% of the total, non-food sales for 38% and sales at petrol stations for 14%.
A detailed breakdown of the data shows adjusted sales fell at nearly all types of retail businesses, with second-hand shops, clothing and footwear shops, computer shops, pharmacies and petrol stations among the exceptions.
Full report available here
XpatLoop Media Partner
LATEST NEWS IN current affairs