Retail Sales Rise in Hungary
- 8 Nov 2024 7:24 AM
Retail sales in Hungary rose 1.7pc year-on-year in September, data released by the Central Statistics Office (KSH) show.
Retail sales climbed at the same pace when adjusted for calendar year effects.
Adjusted food sales increased 1.5pc, non-food sales rose 5.7pc and vehicle fuel sales fell 5.0pc.
Retail sales declined 1.4pc in a month-on-month comparison, adjusted for seasonal and calendar year effects. KSH noted that flooding during the period had impacted sales.
In absolute terms, retail sales came to HUF 1,568bn in September. Food sales accounted for 49pc of the total, non-food sales for 36pc and sales at petrol stations for 15pc.
For the period January-September, retail sales rose an adjusted 2.7pc and an unadjusted 2.9pc from the same period a year earlier.
Commenting on the data after its release, the National Economy Ministry said the month-on-month decline was in large part due to the flooding. It noted that retail sales had edged lower during a period of flooding in 2013, too, but had rebound afterward.
Consumer behaviour was unchanged and the domestic recovery continued in September, it added.
The ministry said data from tills connected to the tax office indicated retail sales were strong in October, as in August.
Full report available here
Source:
MTI - The Hungarian News Agency, founded in 1881.
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