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.
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