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 opposition parties seek explanation for secret admission of asylum seekers

Despite its all-out attacks on the EU’s refugee quotas, Viktor Orban's government secretly gave permission for the admission of the same number of asylum seekers to the country in 2017 as ... more

Hungarian president sets date for parliamentary election

President Janos Ader has set April 8 as the date of Hungary's general election, it was announced on January 11. This is the earliest possible Sunday that the ballot can be held under the law. The ... more

Hungarian government backtracks from collecting fines from opposition parties before election

The Economy Ministry on January 10 asked the tax authority to delay collecting fines from opposition parties imposed by the state auditor ASZ to ensure that their pre-election budgets and campaign ... more