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

Intesa Sanpaolo’s Hungarian unit closes record year in 2023

CIB realised a record HUF64bn (€160mn) in after-tax profit, up from HUF36.1bn a year ago, which translates to a robust 21.5% ROE, the Hungarian unit of Intesa Sanpaolo said on March 26.  ... more

Erste Bank sees modest rebound for Hungary in 2024

Hungary’s economic rebound should be much slower than earlier anticipated in 2024 and GDP is set to expand 2.0% after a 0.9% contraction in 2023, Erste Bank said in a note. Officially, the ... more

Dismiss