After seven years of steady growth, a decline in retail

The continuous growth in retail trade, which had lasted for seven years, was interrupted after, according to the Central Statistical Office (CSO), the volume of store sales fell by 10.2 percent in April this year compared to April last year. The performance of the sector varies by sales channel and product group. Webshop traffic doubled, food sales essentially stagnated, while non-food sales declined significantly.

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In terms of the volume of goods sold, Hungarian retail turnover has been growing steadily since 2013, but the trend was broken in April 2020. Total retail sales fell an average of 10.2 percent this month. (The decline is even greater, as the CSO does not measure sales of motor vehicles and vehicle parts in the retail sector, which shrank by 33 percent.)