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Retail sales down 10.1 percent in February

Hungarian retail sales fell by an annual 10.1 percent in February, the Central Statistical Office (KSH) said on Thursday.

The data showed the same decline when adjusted for calendar-year effects, KSH said.

Food sales dropped by 8.6 percent, while non-food sales were 9.8 percent lower. Meanwhile, motor fuel sales dropped by 14.5 percent.

In the first two months of 2023, retail sales fell by an annual 7.3 percent when adjusted for calendar-year effects, KSH said.

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