Retail turnover decreased drastically by 7.1%
In August, the volume of retail trade fell short of expectations by 7% according to raw data, and by 7.1% adjusted for calendar effects. Sales revenue rose by 7.8% to HUF 1,594 billion due to high inflation. Compared to the previous month, retail turnover decreased by 0.5%. In the first eight months, the volume of retail trade decreased by 9.6% – we can read in the retail analysis of Gergely Suppan, MBH Bank’s leading analyst.
In food and food-type mixed retail stores, turnover decreased by 4%, in non-food retail stores by 5.2%, and in fuel retail by 18.1%, the volume of sales volume adjusted for the calendar effect. Calculated without fuel traffic, the decline in traffic was 4.5%. However, the decrease in fuel turnover can significantly reduce the import of crude oil and oil products, contributing to the improvement of the external balance.
The volume of sales in pharmaceutical, medical product, and perfume stores increased by 4.8%, in contrast, by 1% in second-hand goods stores, by 7.8% in textile, clothing, and footwear stores, , decreased by 6% in other industrial goods stores, by 10.7% in mixed industrial goods stores, and by 15.1% in furniture and technical goods stores. The volume of mail-order and internet retailing, which covers a wide range of goods and accounts for 7.3% of the retail turnover, essentially did not change. Compared to the average of 2015, retail turnover increased by 24.4% and compared to 2010 by 36.8%.
Related news
KSH: in November, consumer prices exceeded the values of the same month of the previous year by an average of 3.8 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Retail sales in a trap of uncertainty
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >KSH: retail turnover in October exceeded the same period of the previous year by 3.1 percent and the previous month by 0.5 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The New Year’s Eve fireworks fair is back: temporary sales will start in department store parking lots at the end of December
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The first Eastern European non-alcoholic beer turns 50
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Sausage: pork prices are already going down, but they won’t be cheaper in stores – a significant correction may come in the spring at the earliest
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >
