Photo: Pickpik

Retail sales edge up by 0.6 percent in October

Retail sales growth in Hungary slowed to an annual 0.6 percent in October, propped up by sales of motor fuel, the Central Statistical Office (KSH) said on Monday.

Adjusted for calendar-year effects, retail sales grew at the same pace. Adjusted food sales fell by 5.6 percent in October and non-food sales edged down by 0.9 percent, while motor fuel sales climbed 19.7 percent.

In absolute terms, retail sales came to 1,520 billion forints (EUR 3.7bn). Food sales accounted for 46 percent of the total, non-food sales for 36 percent and sales at petrol stations for 18 percent.

Retail sales growth has slowed every month since April.

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