Hungary’s calendar-adjusted retail sales increased by 1.2% y/y in July 2013, after stagnating in the previous month, the statistics office said on Sept 24, confirming the preliminary data, published last month. Sales advanced by 0.7% m/m in seasonal and calendar-adjusted terms, reversing from 2.2% m/m fall in June.
The annual growth reflected an increase in both food and non-food trade, up by 1.2% y/y and 0.9% y/y, respectively. Automotive fuel sales also advanced - by 2.9% y/y, growing for the fourth month in row.
Within the non-food category, sales in non-specialized stores reversed to a 0.8% y/y rise in July from a 2.3% y/y drop in the previous month. Sales of textiles, clothing, footwear increased by 1.9% y/y. Turnover of second hand stores picked up by 4.3% y/y and retail trade of cosmetics advanced by 3.4% y/y. By contrast, sales of books, computer equipment were down by 1.9% y/y in July. Sales of pharmaceutical and medical goods as well as of furniture and electrical goods declined by 0.8% y/y and 2.4% y/y, respectively. Mail orders retail trade remained the fastest growing segment (56.5% y/y), positively influenced by the strong expansion of online sales. However, the sector had a relatively low contribution to the overall index.
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
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 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