Hungary retail sales grew by 4.9%

Magazine for Textiles, Clothing, Leather and Technology

The country’s retail sales growth slowed in March, but the pace remained robust, with data from the Hungarian Central Statistical Office showing a 4.9% growth rate in the month

In March 2019, the volume of sales in retail shops in Hungary rose by 4.9% (5.9% adjusted for calendar effects – mainly due to Easter) compared to the same month in the previous year, according to data from the Hungarian Central Statistical Office.

The volume of sales increased by 1.0% in specialized and non-specialized food retailing. The volume of sales grew by 1.0% in non-specialized food and beverages shops accounting for 77% of food retailing and by 0.8% in specialized food, beverage and tobacco stores.
The turnover of non-food retailing increased by a total of 14.3%. Sales rose in furniture and electrical goods stores (18%), non-specialized shops dealing in manufactured goods (17%), textiles, clothing and footwear shops (14%), second hand goods shops (13%), as well as in books, computer equipment and other specialized stores (8.0%). In contrast, the volume of sales fell in pharmaceutical, medical goods and cosmetics shops (-0.8%).
The volume of mail order and internet retailing accounting for 5.2% of all retail sales and involving a wide range of goods rose by 35%, continuing the multi-year expansion.
The volume of sales in automotive fuel stations increased by 14.3% and sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 19%. Year-on-year retail sales growth growth slowed from 5.4% in January and 8.4% in the previous month.

Source: Hungarian Central Statistical Office

Magazine for Textiles, Clothing, Leather and Technology

In the period January–March 2019 adjusted for calendar effects and compared to similar period int he previous year, sales in retail shops increased by 6.5%. Adjusted sales rose by 3.1% in food, drink and tobacco shops, by 10.6% in non-food retail, and by 11.8% in automotive fuel retail.