Retail turnover decreased by 12.6%

By: Trademagazin Date: 2023. 06. 06. 14:40

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%.