Retail turnover decreased by 12.6%
In April, the volume of retail trade fell short of expectations by 13.6% according to raw data, and by 12.6% when adjusted for calendar effects, while sales revenue rose by 7.5% to HUF 1,479 billion due to high inflation. Compared to the previous month, retail sales decreased by 0.9%. In the first four months, the volume of retail trade decreased by 10.4% – we can read in the analysis of senior analyst Gergely Suppan.
The turnover in food and food-type mixed retail stores decreased by 8.6%, in non-food retail stores by 10.7%, and in fuel retail by 22.9%, the sales volume adjusted for the calendar effect . 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 increased by 5.4% in pharmaceutical, medical product and perfume stores, by 0.3% in second-hand goods stores, by 9.6% in textile, clothing and footwear stores, , by 12% in other industrial goods stores, by 20-20% in mixed industrial goods stores and by 20% in furniture and technical goods stores. The volume of mail order and internet retail, which covers a wide range of goods and accounts for 7.7% of the retail turnover, decreased by 8.4%. Compared to the average of 2015, the retail turnover increased by 25.7% and compared to 2010 by 38.3%.
Related news
Slowdown and price increase at the same time – this is how the milk market will develop in the summer
The dairy sector is experiencing both international price increases and…
Read more >Inflation accelerated to 2 percent in the eurozone and 2.3 percent in the EU on an annual basi
Inflation in the euro area and the European Union accelerated…
Read more >K&H: Middle-aged people perceive inflation to be much more severe than the actual data shows
The inflation perception of middle-aged Hungarians continues to far exceed…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >