Sales of retail shops decreased by 10.2% in Hungary

In April 2020, the volume of sales in retail shops, according to both raw and calendar-adjusted data, decreased by 10.2% compared to the same period last year, KSH data shows.

The volume of sales decreased by 0.4% in specialized and non-specialized food shops, by 14.8% in non-food retail shops and by 26.3% in automotive fuel retailing.

In January–April 2020, the volume of sales – also according to calendar adjusted data – was 2.5% higher than in the corresponding period of the previous year.

Declining retail sales in April 2020 were entirely driven by the impact of the coronavirus epidemic, with epidemic emergency explaining 17 percentage points from the calendar adjusted, year-on-year volume change.

The volume index for non-food retail shops was 26% lower, while automotive fuel retailing was 30 percentage points lower than previously estimated. Food store sales were only slightly affected by the impact of coronavirus.

- Advertisment -


Borussia Dortmund had over EUR 400 million revenues in financial year 2022/2023

In financial year 2022/2023, the lifting of COVID-19 pandemic related restrictions affecting Borussia Dortmund's business model led to an...