Retail sales fall 7.8 percent yr-on-yr, but increase 0.7 percent compared to the previous month
According to seasonally and calendar adjusted data, the volume of retail sales rose by 0.7% compared to the previous month. In January–June 2023, the volume of sales – also according to calendar adjusted data – was 10.3% lower than in the corresponding period of the previous year.
In June 2023, compared to the same period of the previous year, adjusted for calendar effects, the volume of domestic retail sales decreased by 8.3%.
The volume of sales decreased by 4.8% in specialized and non-specialized food retailing. The volume of sales decreased by 5.2% in non-specialized food and beverages shops accounting for 75% of food retailing and by 4.2% in specialized food, beverage and tobacco stores.
The turnover of non-food retailing decreased by a total of 4.3% in volume. Sales volumes rose by 4.0% in pharmaceutical, medical goods and cosmetics shops, remained largely unchanged in textiles, clothing and footwear shops, while sales volumes decreased by 2.9% in books, computer equipment and other specialized stores, by 5.3% in second-hand goods shops, by 11% in non-specialized shops dealing in manufactured goods and by 12% in furniture and electrical goods stores.
The volume of mail order and internet retailing accounting for 7.7% of all retail sales and involving a wide range of goods fell by 4.5%.
The volume of sales in automotive fuel stations was 24.2% down compared to the same month of last year.
Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 6.9%.
Domestic retail sales amounted to HUF 1,560 billion at current prices.
Specialized and non-specialized food shops accounted for 49% of all retail sales, the relevant figures for non-food retail trade and retail trade of petrol stations were 35% and 16%.
In January–June 2023, compared to the same period of the previous year, adjusted for calendar effects, the volume of retail trade decreased by 10.3%.
The volume of sales fell by 7.5% in specialized and non-specialized food shops, by 8.0% in non-food retail trade and by 22% in automotive fuel retail trade.