Sep 06, 2016

Hungary's retail sales looking up

Retail sales were up in a number of sectors including non-food, food and fuel

Hungary's retail sales climbed by an annual 2.7 percent in July, data released by the Central Statistical Office (KSH) show.

What's more, retail sales rose by an annual 3.8 percent when adjusted for calendar year effects, MTI reports today.

The pace slowed from the previous month when both the unadjusted and the calendar-adjusted figure was 5.7 percent.

Adjusted food sales were up by 1.5 percent in July, non-food sales climbed by 6.4 percent and fuel sales increased by 2.5 percent. The increases slowed from the previous month in all three categories.

In January-July, retail sales saw an unadjusted rise of 4.9 percent.

Adjusted figures show retail sales rising by 5.0 percent, food sales by 2.7 percent, non-food sales by 8.0 percent and fuel sales by 5.1 percent in the first seven months of the year.

KSH will publish a second reading of the July data on September 23.