Retail sales grew 5.8% year-on-year in May



In May 2021, the volume of sales in retail trade, according to the raw and calendar-corrected data, increased by 5.8% compared to the same period last year, according to data from the Central Office statistics (KSH).

Compared with May 2020, the sales volume increased by 2.6% in specialized and non-specialized food distribution. Sales volume increased by 2.4% in non-specialty food and beverage stores accounting for 74% of food distribution and 3.1% in specialty food, beverage and tobacco stores.

The base effect – the phasing out of store closings in May of last year – typically affected non-food retailing, which grew 8.7% overall, notes KSH. Sales volumes increased by 60% in textile, clothing and footwear stores, 48% in second-hand stores, 17% in pharmaceutical, medical and cosmetic products stores, 13% in book stores , computer hardware and other specialty stores, and 3.3% in non-specialized manufactured goods stores. Sales volumes fell in furniture and appliance stores (21%).

Mail order and Internet sales, which covers a wide range of products and accounts for 9.2% of retail sales, continued to grow in volume, by 13%.

Sales volumes at automotive service stations increased 9.7%.

Sales at motor vehicle and motor vehicle parts and accessories stores not included in the retail data increased 18%.

National retail sales amounted to HUF 1,146 billion at current prices in May 2020. Specialty and non-specialty food stores accounted for 47% of all national retail sales, while the relevant figures for trade in Non-food retail and gas station retailing were 38% and 15% respectively.

Retail volume up 1.2% in January-May

The volume of retail trade increased by 1.2% in January-May 2021, compared to the same period of 2020. The volume of sales increased by 0.3% in specialized and non-specialized food stores, 3.1% in the non-food retail trade and 1.6% in the automotive fuel retail trade.

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