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.
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
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more