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Retail sales growth slows to 5.4 pc in July – KSH 2nd reading

Retail sales growth slows to 5.4 pc in July – KSH 2nd reading

Retail sales in Hungary grew by an annual 5.4 percent in July, slowing from 6.8 percent in June, the Central Statistical Office (KSH) said on Friday in a release of a second reading of the data.

Calendar year-adjusted data show retail sales were up an annual 5.3 percent in July.

The unadjusted and adjusted figures were the same as the first reading.

Adjusted food sales were up 1.9 percent in July, non-food sales climbed by 9.4 percent, and fuel sales were up 5.6 percent.

New-Year

In absolute terms, retail sales came to 996 billion forints in July.

In January-July calendar year-adjusted and unadjusted retail sales rose by an annual 6.7 percent. Adjusted food sales rose by 4 percent, non-food sales climbed by 9.8 percent, and fuel sales increased by 7.2 percent.

Read more news about HUNGARIAN ECONOMY

As we wrote yesterday, the average gross monthly wage in Hungary stood at 326,724 forints (EUR 1,010) in July, up 12.8 percent year-on-year, the Central Statistical Office (KSH) said, read more HERE.

(HUF 100 = EUR 0.3090)

Source: MTI

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