Hungary retail sales up 5.7 pc in June

Budapest, August 3 (MTI) – Retail sales in Hungary climbed by 5.7 percent in June from the same month a year earlier, preliminary data released by the Central Statistical Office (KSH) on Wednesday show.

Retail sales also rose by 5.7 percent year on year when adjusted for calendar year effects.

The pace slowed from an unadjusted 6.8 percent and was unchanged from a calendar-year-adjusted 5.7 percent rise in May.

Adjusted food sales were up by 3.4 percent in June, non-food sales climbed by 9.7 percent and fuel sales increased by 3.6 percent. The increase of food and fuel sales slowed and the rise of non-food sales accelerated from the previous month.

In January-June 2016 retail sales saw an unadjusted rise of 5.3 percent.

Adjusted figures show retail sales rising by 5.2 percent, food sales by 2.8 percent, non-food sales by 8.2 percent and fuel sales by 5.7 percent in the first six months of the year.

Retail sales have expanded continuously for the past three years, and excluding weaker figures from January, growth as expanded at an annual pace of 4-5 percent during the period, economy ministry official Zoltán Marczinkó told public television M1 today.