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Aug 06, 2020

Retail sales bounce back in June

Retail sales in Hungary edged up by an annual 0.8 percent in June, recovering after declines in April and May.

 

Data released by the Central Statistical Office (KSH) shows that retail sales in Hungary edged up by an annual 0.8 percent in June, recovering after declines in April and May.

According to MTI, retail sales had fallen by 10.2 percent in April while the country was under lockdown to contain the spread of the novel coronavirus. Retail sales improved in May, as restrictions were gradually lifted, but still dropped 2.8 percent.

Adjusted for calendar year effects, retail sales inched down 0.1 percent year-on-year in June. Adjusted food sales dropped 1.5 percent, non-food sales rose by 4.9 percent and fuel sales fell by 10.9 percent.