Hungary July retail sales up 3.8 pc – UPDATE

In July 2022, the volume of sales in retail trade increased by 3.8% according to raw data and by 4.3% when adjusted for calendar effects compared to the same period of the previous year. In July, calendar-adjusted sales volumes decreased by 2.9% in specialised and non-specialised food shops and rose by 3.2% in non-food retailing and by 27.6% in automotive fuel retailing. In January–July 2022, the volume of sales – also according to calendar adjusted data – was 9.3% higher than in the corresponding period of the previous year.

According to KSH, in July 2022, compared to the same period of the previous year, adjusted for calendar effects:

The volume of domestic retail sales increased by 4.3%.

The volume of sales decreased by 2.9% in specialized and non-specialized food retailing. The volume of sales decreased by 3.3% in non-specialized food and beverages shops accounting for 75% of food retailing and by 1.3% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing increased by a total of 3.2% in volume. Sales volumes rose by 14% in second-hand goods shops, by 7.1% in pharmaceutical, medical goods and cosmetics shops, by 4.7% in textiles, clothing and footwear shops, by 4.5% in books, computer equipment and other specialized stores, by 3.3 in non-specialized shops dealing in manufactured goods and by 1.4% furniture and electrical goods stores.

The volume of mail order and internet retailing accounting for 7.0% of all retail sales and involving a wide range of goods rose by 2.9%.

The volume of sales in automotive fuel stations increased by 27.6%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 3.5%.

In July 2022:

Domestic retail sales amounted to HUF 1,472 billion at current prices.