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.

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