Hungarys retail sales drop for sixth straight month in Sep 2012.

By bne IntelliNews November 27, 2012
Hungary's calendar-adjusted retail sales decreased for the sixth consecutive month in September 2012, falling by 3.1% y/y to HUF 716.8bn (EUR 2.54bn), the statistics office informed. In monthly terms, sales edged down by 0.4% m/m in both seasonal and calendar-adjusted terms, after declining 0.2% m/m in August. The annual drop was determined by a decline in both food and non-food trade, which were down by 3.7% y/y and 3.3% y/y, respectively. In addition, automotive fuel sales contracted by 3.3% y/y. Within the non-food category, the steepest drop of 11.3% y/y was reported for sales of furniture and electrical goods. The turnover in the book stores, pharmaceutical, computer shops also decreased in September. The sales in the four categories of second-hand stores, non-specialized stores, textiles and pharmaceuticals reversed to an annual growth in September. Sales in the cosmetics continued to grow in the month. Mail orders retail trade remained the fastest growing segment (22.6% y/y), positively influenced by the strong expansion of internet sales. However, the sector had relatively low contribution to the overall index.

Hungarys retail sales drop for sixth straight month in Sep 2012.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss