• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Here are the newest trends in the Hungarian retail sectorHere are the newest trends in the Hungarian retail sectorHere are the newest trends in the Hungarian retail sectorHere are the newest trends in the Hungarian retail sector
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
DNH 2021 DNH 2021 · 04/06/2022
· Business

Here are the newest trends in the Hungarian retail sector

Hungarian economy Hungary money retail sales statistics

Retail sales in Hungary rose by an annual 15.7 percent in April, the Central Statistical Office (KSH) said on Friday. Adjusted for calendar year effects, retail sales climbed by 15.8 percent, showing double-digit growth for the second month in a row.

Adjusted food sales increased by 7.1 percent, non-food sales rose by 15.4 percent and vehicle fuel sales jumped by 37.3 percent. In absolute terms, retail sales came to 1,373 billion forints (EUR 3.5bn). Food sales accounted for 46 percent of the total, non-food sales for 36 percent and sales at petrol stations for 18 percent.

A detailed breakdown of the data shows

sales of clothing and footwear climbed by 66.8 percent,

sales of computer and other electronics increased by 27.0 percent and sales in second-hand shops climbed 48.1 percent.

  • Read also: Chaos at petrol stations over dual pricing

For the period January-April, retail sales rose by an adjusted and unadjusted 11.8 percent year-on-year. Adjusted food sales increased by 2.6 percent, non-food sales rose by 16.4 percent and vehicle fuel sales climbed 30.0 percent.

Takarékbank chief analyst Gergely Suppán said retail sales growth could gradually slow in the coming months as higher sales enter the base period, while some temporary factors end, but he added that the expansion could “remain dynamic”. He put full-year retail growth around 10 percent.

Erste Bank macroeconomic analyst János Nagy noted

the impact of higher wages and fiscal transfers early in the year on retail sales growth,

and said the pace of growth could slow against the backdrop of budget consolidation and high inflation.

forint euro bills
Read alsoEven Orbán’s supporters would introduce the euro in Hungary

Source: MTI

Hungarian economy Hungary money retail sales statistics
Share
DNH 2021
DNH 2021

Related posts

Hungary migration southern border
05/07/2022

Members of Hungary’s new hunting squadrons will get ridiculous wages


Read more
Budapest tourism Hungary coronavirus basilica
05/07/2022

June guest nights top pre-pandemic levels in Hungary


Read more
04/07/2022

Economic committee hears candidate for Hungarian State Audit Office head


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • Hungarian chess legend Polgár beats the Norwegian chess world champion!
  • Tusványos to be held again after two years, Orbán to attend
  • Olympic skeet shooter Igaly’s memorial unveiled near Budapest
  • Government discusses development of Budapest suburbs with mayors

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....