Hungary’s retail sales edge down 0.4% y/y in June 2013, in line with flash estimate

By bne IntelliNews August 26, 2013

Hungary’s calendar-adjusted retail sales dropped by 0.4% y/y in June 2013, reversing from an annual increase in the previous two months, the statistics office said, confirming the preliminary data, published on August 5. In monthly terms, sales declined by 1.9% in seasonal and calendar-adjusted terms, faster than May’s 1.7% m/m fall.

The annual drop reflected a decrease in both food and non-food trade, down by 1.8% y/y and 0.5% y/y, respectively. By contrast, automotive fuel sales advanced by 2.4% y/y, growing for the third month in row.

Within the non-food category, sales in non-specialized stores reversed to a 2.3% y/y drop in June. Similarly, sales of books, computer equipment were down by 4.9% y/y in June, after rising by 1.4% y/y in May. Sales of pharmaceutical and medical goods as well as of furniture and electrical goods declined by 1.5% y/y and 3.1% y/y, respectively. On the other hand, turnover of second hand stores picked up by 0.7% y/y and retail trade of cosmetics advanced by 1.1% y/y. Sales of textiles, clothing, footwear increased by 1.9% y/y. Mail orders retail trade remained the fastest growing segment (62.7% y/y), positively influenced by the strong expansion of online sales. However, the sector had a relatively low contribution to the overall index.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Lufthansa's arrival lifts economy of Hungary's second city

Three large German companies have chosen to invest in Debrecen, Hungary's second-largest city, since Lufthansa launched its first direct flight two years ago, it was announced on April 11.  ... ... more

Hungarian opposition parties bet on strong election turnout as cooperation talks stall

Green opposition party Politics Can Be Different (LMP) has suspended talks with fellow opposition parties after they failed to reach a cooperation agreement ahead of the April general election.  ... more

Most Read

  1. Europe pushes back against US sanctions on Russia
    2 days ago
  2. Romanian developers get in the game
    7 days ago
  3. Putin and Trump trying to walk back Syria strike and sanctions tensions
    7 days ago
  4. What’s the cost of US sanctions on Russia?
    8 days ago
  5. Is Armenia facing a colour revolution? Popular protests on the rise in Emerging Europe
    3 days ago
  1. Fears raised of US conditioning F-35s sale on Turkey cancelling S-400 deal with Russia
    29 days ago
  2. Europe pushes back against US sanctions on Russia
    2 days ago
  3. Romanian developers get in the game
    7 days ago
  4. COMMENT: Whisper it – ‘Erdonomics’ could be driving Turkey to a meltdown
    16 days ago
  5. Putin and Trump trying to walk back Syria strike and sanctions tensions
    7 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss