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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Hungarian retail investors continue to pile into domestic government bonds

The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more

Hungary to issue euro bonds after six years

Hungary’s Government Debt Management Agency AKK announced on September 26 that it plans to issue 10-year Eurobonds to refinance high-interest dollar bonds maturing soon. The agency mandated BNP ... more

South Africa’s NEPI acquires shopping malls in Hungary, Bulgaria for €528mn

South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more

Most Read

  1. Moldova's Ascom moves ahead with recovering $500mn from Kazakh state
    8 days ago
  2. INTERVIEW: The quiet thunder of Ruben Vardanian
    10 days ago
  3. KRUK REPORT: Is Ukraine changing its Donbas policies?
    5 days ago
  4. INTERVIEW: de Villepin says Ukraine should declare itself neutral
    10 days ago
  5. MOSCOW BLOG: Russia’s import substitution has not been a great success
    8 days ago
  1. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    28 days ago
  2. Russia to bring in record breaking harvest of 127mn tonnes
    19 days ago
  3. Investors ask which Russian bank domino will be the next to topple
    25 days ago
  4. Eastern Europe’s blockchain revolution
    13 days ago
  5. INTERVIEW: de Villepin says Ukraine should declare itself neutral
    10 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss