Hungary retail sales decline 2.7% in April: KSH

26 June 2012 (Last Updated June 26th, 2012 02:00)

Hungarian retail sales, in terms of volume, decreased 2.7% in April, compared to the same month a year ago, according to the data released by Central Statistics Office (KSH).

Retail sales decline

Hungarian retail sales, in terms of volume, decreased 2.7% in April, compared to the same month a year ago, according to the data released by Central Statistics Office (KSH).

Retail shops, mail order houses and online sales generated HUF676bn ($2.94bn) of sales in April 2012.

Year-on-year, sales volume in food, drinks and tobacco stores edged down 1.8% in April, while turnover of non-food retail trade, at constant prices, fell 3.6% in the month.

The sharper decrease during the month was seen in furniture and electrical goods stores as well as in pharmaceutical and medical goods shops.

KSH said that books, computer equipment and other specialised stores and non-specialised stores saw an above average decline.

Year-on-year in April, mail order and internet sales increased, as well as gains were reported in cosmetics articles, textiles, clothing and footwear shops as well as in second hand shops.

Sales in petrol stations continued to decrease, falling 3.2% in April on an annual basis, as a result of an ongoing rise in fuel prices.

Month-on-month, retail sales were down by 1% in April, in terms of volume, on a seasonal and calendar adjusted basis.

Sales in food, drinks and tobacco stores fell 1% in April, while sales at petrol stations and the non-food retail trade saw 1% and 1.2% decline, respectively.

In the first four months of 2012, retail sales decreased 0.7%, in terms of volume, compared to the corresponding period last year.

During the same period, volume of sales in food, drinks and tobacco stores rose 0.8%, while non-food retail trade turnover edged down 0.9%.

In January-April 2012 period, sales in petrol stations decreased 3% as a result of an ongoing rise in fuel prices.

Image: In terms of volume, retail sales decreased in April. Photo: FreeDigitalPhotos.net