Fuel Sales Help Hungarian Retail Trade Figures

In October 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year in Hungary, the Central Statistical Office reports. Details reveal that that in October, calendar-adjusted sales volumes decreased by 5.6% in specialized and non-specialized food shops and by 0.9% in non-food retailing and the indicator did not shift into red due to automotive fuel retailing rising by 19.7%.

In January–October 2022, the volume of sales – also according to calendar adjusted data – was 7.0% higher than in the corresponding period of the previous year.

In October 2022, compared to the same period of the previous year, adjusted for calendar effects:

– The volume of domestic retail sales increased by 0.6%.

– The volume of sales decreased by 5.6% in specialized and non-specialized food retailing. The volume of sales decreased by 7.2% in non-specialized food and beverages shops accounting for 76% of food retailing and by 0.9% in specialized food, beverage and tobacco stores.

– The turnover of non-food retailing decreased by a total of 0.9% in volume. Sales volumes rose by 8.6% in second-hand goods shops and by 5.4% in non-specialized shops dealing in manufactured goods. Sales volumes decreased by 0.6% in furniture and electrical goods stores, by 0.8% in books, computer equipment and other specialized stores, by 1.3% in textiles, clothing and footwear shops and by 2.0% in pharmaceutical, medical goods and cosmetics shops.

– The volume of mail order and internet retailing accounting for 7.8% of all retail sales and involving a wide range of goods fell by 1.7%.

– The volume of sales in automotive fuel stations increased by 19.7%.

– Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 2.2%.

In October 2022:

– Domestic retail sales amounted to HUF 1,520 billion at current prices.

– Specialized and non-specialized food shops accounted for 46% of all retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 36% and 18% respectively.

In January–October 2022, compared to the same period of the previous year, adjusted for calendar effects:

– The volume of retail trade increased by 7.0%.

– The volume of sales decreased by 0.2% in specialized and non-specialized food shops and rose by 7.6% in non-food retail trade and by 26.1% in automotive fuel retail trade.