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.
Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more
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