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Hungary retail sales growth in January revised up to 1.7 pc

Hungary retail sales growth in January revised up to 1.7 pc

Budapest, March 23 (MTI) – Retail sales in Hungary grew by an annual 1.7 percent in January, the Central Statistical Office (KSH) said on Wednesday, 0.1 percentage points higher than in the preliminary report released on March 3.

Retail sales increased by 2.2 percent according to calendar year-adjusted data, also revised slightly upwards from 2.1 percent in the first reading.

The unadjusted rise in January was down from 5 percent in December while the calendar-adjusted increase slowed from 4.5 percent in the previous month.

Adjusted food sales fell by 1.4 percent in January, non-food sales were up by 6 percent and fuel sales increased by 4.4 percent.

In absolute terms, retail sales came to 637.3 billion in January.

KSH noted that legislation requiring most big retailers to remain closed on Sundays came into force in the middle of March 2015, but said that more time and data were needed to gauge the effects of the new rule.

Source: http://mtva.hu/hu/hungary-matters

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