Hungary’s retail sales rise 4.8% y/y in November 2013 - revised data.

By bne IntelliNews January 30, 2014

Hungary’s calendar-adjusted retail sales increased by 4.8% y/y in November 2013, speeding up from 2.5% y/y in the previous month, the statistics office said, slightly revising down the preliminary estimate for a 4.9% y/y rise.

Sales advanced by 0.4% m/m in seasonal and calendar-adjusted terms, faster than October’s 0.3% y/y increase.

The annual growth reflected a 4.9% y/y increase in non-food trade, a 4.3% y/y rise in food trade as well as a 5% y/y rise in automotive fuel sales. The latter grew for the eight month in row in November.

Within the non-food category, sales of textiles, clothing, footwear increased by 10.5% y/y. Sales in second hand stores advanced by 8.6% y/y and the turnover in the cosmetics stores went up 1.7% y/y. Sales of furniture and electrical goods grew by 6.4% y/y in November. This category reversed to an annual growth in October 2013, after dropping in the previous 21 months.

By contrast, retail trade in non-specialised stores fell by 2.3%. Sales of books, computer equipment, as well as pharmaceutical and medical goods declined by 2% y/y and 0.8% y/y, respectively.

Mail orders retail trade remained the fastest growing segment (45.9% 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

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

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

Czech judiciary denounces Poland's move to end separation of powers

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 strikes licensing deals essential to $1.9bn petrochemical expansion ambitions

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