Hungary’s retail sales rise 1.2% y/y in July 2013, in line with flash estimate.

By bne IntelliNews September 25, 2013

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.

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