Hungary's retail sales increase by 6 percent in one year

According to the Central Statistical Office (KSH), retail sales came to 854 billion HUF (2.8bn EUR) in May

Hungary's retail sales rose by an annual 6 percent in May, the Central Statistical Office (KSH) has announced today.

Retail sales increased by 5.5 percent when adjusted for calendar year effects. The pace of retail sales growth accelerated from an unadjusted and adjusted 3.2 percent and 1.8 percent, respectively, in April. Retail sales growth in May was highest since June 2016.

According to MTI, retail sales came to 854 billion HUF (2.8bn EUR) in May. In a seasonally and calendar-adjusted month-on-month comparison, retail sales were up by 1.7 percent in May, with food sales up by 1 percent, non-food sales up by 2.4 percent and fuel sales up by 2 percent.

In the first five months of the year compared with the same period a year before retail sales were up by 3.7 percent according to unadjusted figures and rose by 3.5 percent according to adjusted data.

Adjusted food sales for January-May were up by an annual 2 percent, non-food sales climbed 6 percent and fuel sales rose by 3 percent.