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Hungary retail sales growth picks up slightly in 2015, 2nd reading confirms

Hungary retail sales growth picks up slightly in 2015, 2nd reading confirms

Budapest, February 23 (MTI) – Retail sales in Hungary were up by 5.5 percent according to unadjusted and rose 5.6 percent according to workday-adjusted data, the Central Statistics Office (KSH) said on Tuesday, confirming preliminary figures released on February 3.

The pace of growth picked up from 5.2 percent measured according to both unadjusted and adjusted figures in 2014.

In December alone, retail sales climbed an unadjusted 5.0 percent and a calendar-adjusted 4.5 percent from a year earlier, unchanged from the preliminary figures.

Adjusted food sales were up by 3.4 percent year-on-year in December, non-food sales climbed 6.4 percent and fuel sales increased by 3.7 percent. Sales of shops selling vehicles and vehicle spare parts, which are not part of the European retail statistics, rose by 1.0 percent in the twelve months to December.

Fina Aristic

In 2015, food sales rose by 3.4 percent, non-food sales increased by 7.6 percent and fuel sales rose by 7.1 percent, all rising at a higher pace then in 2014.

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 rule.

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

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