Illustration - Photo: MTI

Retail sales down by 4.5 percent in January

Retail sales in Hungary fell by an annual 3.9 percent in January, or 4.5 percent when adjusted for calendar-year effects, the Central Statistical Office (KSH) said on Monday.

Retail sales dropped for the second month in a row, KSH said.

Adjusted food sales fell by 4.8 percent, non-food sales by 1.5 percent and vehicle fuel sales by 9.7 percent.

In absolute terms, retail sales came to 1,333 billion forints (EUR 3.5bn). Food sales accounted for 48 percent of the total, non-food sales for 34 percent and sales at petrol stations for 18 percent.

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