Hungary’s retail sales rise 2.2% y/y in May 2013 – revised data.

By bne IntelliNews July 25, 2013

Hungary’s calendar-adjusted retail sales grew by 2.2% y/y in May 2013, growing for the second consecutive month after 12 months of decline, the statistics office said, revising down the preliminary figure of 2.5%. In monthly terms, sales edged down by 0.2% in seasonal and calendar-adjusted terms, after rising by 1.8% in April.

The annual rise reflected an increase in both food and non-food trade, up by 0.9% y/y and 1.9% y/y, respectively. In addition, automotive fuel sales advanced by 5.5% y/y, growing for the second month in row.

Within the non-food category, the turnover in second hand stores increased by 10.2% y/y, retail trade of cosmetics advanced by 7.2% y/y. Sales of textiles, clothing, footwear increased by 2.7% y/y and sales of books, computer equipment was up by 1.4% on the year as well. By contrast, sales of pharmaceutical and medical goods as well as furniture and electrical goods declined by 3.7% y/y and 0.7% y/y, respectively. Mail orders retail trade remained the fastest growing segment (41.1% y/y), positively influenced by the strong expansion of online sales. However, the sector had a relatively low contribution to the overall index.

Related Articles

Hungarian opposition parties seek explanation for secret admission of asylum seekers

Despite its all-out attacks on the EU’s refugee quotas, Viktor Orban's government secretly gave permission for the admission of the same number of asylum seekers to the country in 2017 as ... more

Hungarian president sets date for parliamentary election

President Janos Ader has set April 8 as the date of Hungary's general election, it was announced on January 11. This is the earliest possible Sunday that the ballot can be held under the law. The ... more

Hungarian government backtracks from collecting fines from opposition parties before election

The Economy Ministry on January 10 asked the tax authority to delay collecting fines from opposition parties imposed by the state auditor ASZ to ensure that their pre-election budgets and campaign ... more

Dismiss