Latest Retail Sales Down 7.8% in Hungary

  • 9 Nov 2023 3:16 PM
  • Hungary Matters
Latest Retail Sales Down 7.8% in Hungary
Retail sales in Hungary dropped by an annual 7.8% in September, dropping for the tenth month in a row, the Central Statistical Office (KSH) said.

Retail sales declined by 7.3% when adjusted for calendar year effects. Adjusted food sales fell by 2.3%, non-food sales dropped by 7.5% and vehicle fuel sales were down 19.9%.

Hungary Trade Surplus Widens to Euro 1.263 Billion In September

Hungary’s trade surplus reached 1.263 billion euros in September, widening from 665 million in the previous month, the Central Statistical Office (KSH) said in a first reading of data.

Exports fell by an annual 5.1% to 12.756 billion euros, slipping for the second month in a row. Imports dropped by 19.4% to 11.493 billion euros, declining for the sixth month in a row.

Trade with other European Union member states accounted for 76% of Hungary’s exports and 69% of its imports during the month.

In January-September, Hungary’s exports increased by an annual 7.1% to 112.756 billion euros, while imports fell by 5.2% to 105.906 billion.

The trade surplus reached 6.849 billion euros.

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