Hungary’s calendar-adjusted retail sales increased by 1.8% y/y in December 2013, slowing down from a 4.8% y/y increase in the previous month, the statistics office said on Feb 26, confirming the preliminary estimate published on Feb 5.
Retail sales edged up by 0.1% m/m in seasonal and calendar-adjusted terms, reversing from November’s 0.3% y/y drop.
The annual growth reflected a 2.7% y/y increase in non-food trade, a 0.4% y/y rise in food trade as well as a 4.9% y/y rise in automotive fuel sales. The latter grew for the ninth month in row in December.
Within the non-food category, sales of textiles, clothing, footwear increased by 7.3% y/y. Sales in second hand stores advanced by 5.8% y/y and the turnover in the cosmetics stores went up 4.2% y/y. Sales of furniture and electrical goods grew by 2.2% y/y. This category reversed to an annual growth in October 2013, after dropping in the previous 21 months. Retail trade in non-specialised stores advanced by 4.2% y/y as well.
Books and computer equipment was the single declining category in December 2013, dropping by 3.5% on the year.
Mail orders retail trade remained the fastest growing segment (26.4% y/y), positively influenced by the strong expansion of online sales. However, the sector had a relatively low contribution to the overall index.
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
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
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