Retail Sales up 4.2% in March
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In March 2024, the volume of sales in retail trade increased by 3.6% according to raw data, and by 4.2% when adjusted for calendar effects compared to the same period of the previous year, according to data published in the Central Statistical Office (KSH).
The volume of sales grew by 5.7% year-on-year in specialized and non-specialized food retailing. The volume of sales increased by 5.7% in non-specialized food and beverages shops accounting for 77% of food retailing and by 4.8% in specialized food, beverage and tobacco stores.1
The turnover of non-food retailing increased by a total of 0.6% in volume. Sales volumes rose by 3.9% in pharmaceutical, medical goods and cosmetics shops, by 2.3% in non-specialized shops dealing in manufactured goods and by 1.5% in books, computer equipment and other specialized stores, while sales volumes decreased by 1.9% in textiles, clothing and footwear shops, by 4.4% in furniture and electrical goods stores and by 5.9% in second-hand goods shops.
The volume of mail order and internet retailing accounting for 7.4% of all retail sales and involving a wide range of goods rose by 4.2%.
The volume of sales in automotive fuel stations increased by 3.3%.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data increased by 4.3%.
In March, domestic retail sales amounted to HUF 1.586 trillion at current prices.
About 51% of the national retail turnover was generated in specialized and non-specialized food shops, 33% in non-food retail trade, and 16% in automotive fuel stations.
In January–March 2024, compared to the same period of the previous year, adjusted for calendar effects:
In the first three months of the year, the volume of retail trade rose by 2.2%. The volume of sales rose by 3.1% in specialized and non-specialized food shops and by 3.9% in automotive fuel retail trade, and fell by 0.7% in non-food retail trade.
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