Hungary’s retail sales rise 2.5% y/y in October 2013, in line with flast estimate.

By bne IntelliNews December 23, 2013

Hungary’s calendar-adjusted retail sales increased by 2.5% y/y in October 2013, speeding up from 0.3% y/y in the previous month, the statistics office said, confirming the preliminary data published on Dec 4.

Sales edged up by 0.3% m/m in seasonal and calendar-adjusted terms, reversing from a monthly decline in the previous two months.

The annual growth reflected a 3.3% y/y increase in non-food trade, a 1.2% y/y rise in food trade as well as a 3.7% y/y rise in automotive fuel sales. The latter grew for a seventh month in row in October.

Within the non-food category, sales of textiles, clothing, footwear increased by 6.8% y/y. Sales of cosmetics advanced by 7% y/y and the turnover in the second hand stores went up 5.1% y/y. Retail trade in non-specialised stores increased by 2.6%. Sales of furniture and electrical goods grew by 2.7% y/y in October, reversing from annual drop in the previous 21 months.  

By contrast, sales of books, computer equipment, as well as pharmaceutical and medical goods declined by 3.9% y/y and 1% y/y, respectively.

Mail orders retail trade remained the fastest growing segment (48.1% 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

V4 leaders positive after dinner with European Commission president

The head of the European Commission Jean-Claude Juncker held talks with leaders of the Visegrad Group at a nearly three-hour dinner on October 19.  The dinner on the eve of the EU summit was ... more

Wizz Air applies for UK license as it prepares for Brexit turbulence

Hungary-based no-frills airline Wizz Air has set up subsidiary in the United Kingdom and is considering acquiring an air operators certificate (AOC) in preparation for possible negative impacts ... more

Hungarian retail investors continue to pile into domestic government bonds

The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more