Hungary’s retail sales growth quickens to 1.5% y/y in August 2013.

By bne IntelliNews October 4, 2013

Hungary’s calendar-adjusted retail sales increased by 1.5% y/y in August 2013, speeding up from a 1.2% annual rise in the previous month, statistics office preliminary data showed. In unadjusted terms, retail sales advanced by 1% y/y.

Sales of food, drinks and tobacco rose a calendar-adjusted 1.2% y/y in August, growing at the same pace as in July. Sales of non-food products also increased - by 1.3% y/y. Automotive fuel sales witnessed a 1.6% y/y rise, increasing for the fifth consecutive month. The statistics office said it will provide more detailed data on October 25.

Hungary’s retail sales declined by 1.9% in 2012 on the back of a 3% decrease in the non-food category, while food sales dropped at the slower pace of 0.7%.

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