Retail turnover in July almost stagnate compared to last year in Hungary

In July, both raw and calendar-adjusted data showed that retail sales were 0.4 percent higher than a year earlier. With this, the willingness-to-buy reached the level of the previous year by July. Compared to the low point in April, the calendar-adjusted volume index of retail trade increased by 10.6 percentage points, the Central Statistical Office (KSH) reported on Thursday.

The calendar-adjusted volume of sales in food and convenience stores, and in non-food retail outlets increased by 3.3 percent and 0.4 percent, respectively, while the calendar-adjusted volume of fuel sales fell by 7.0 percent.

In the first seven months of the year, the overall retail turnover was 1.1 percent higher than in the corresponding period of the previous year, also according to data adjusted for calendar effects.