Hungary's retail sales growth eases to 2.5% y/y in July - revised data

By bne IntelliNews September 25, 2014

Hungary's calendar-adjusted retail sales increased by 2.5% y/y in July 2014, easing from 4.1% y/y the month before, the statistics office said on September 24 revising up its preliminary estimate of 2.3% y/y.

Retail sales edged down by 0.1% m/m in seasonal and calendar-adjusted terms in July, following a 0.3% m/m drop in June.

The annual growth was supported by a 1.5% y/y increase in food trade, a 3.3% y/y rise in non-food trade as well as by a 3.4% y/y rise in automotive fuel sales. The latter grew for the 16th month in a row in July.

Within the non-food category, sales of textiles, clothing and footwear increased by 10.9% y/y. Sales in non-specialsed stores advanced by 7.7% y/y and sales of cosmetics grew by 9.6% y/y. Pharmaceutical sales edged up 0.2% y/y. Retail trade in second-hand stores went up by 14.8% y/y in the month.

By contrast, sales of books and computer equipment dropped by 1.3% y/y in July and sales of furniture and electrical goods fell by 4.2% y/y.

In cumulative terms, Hungary's calendar adjusted retail sales increased by 5.6% y/y in January to July 2014 driven by a 6.9% y/y increase in food trade, a 4.5% y/y rise in non-food trade as well as by a 4.6% y/y hike in automotive fuel sales.

Related Articles

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Hungary's MOL strikes licensing deals essential to $1.9bn petrochemical expansion ambitions

Hungary's MOL announced on July 20 that it has struck licensing deals with Germany's Evonik Industries and Thyssenkrupp that will be essential in its plan to roll out a $1.9bn investment in ... more