Retail sales fall 10.2% in April

Economy National
Coronavirus

Retail sales in Hungary fell by 10.2% year-on-year in April as the country went into lockdown to contain the spread of the novel coronavirus, data released by the Central Statistical Office (KSH) show.

 

Retail sales fell at the same pace when adjusted for calendar effects. Food sales edged down an adjusted 0.4%, but non-food sales declined by 14.8% as opening times of non-essential businesses were restricted. A stay-at-home order caused vehicle fuel sales to plunge 26.3%. For the period January-April, retail sales rose an adjusted 2.5% and an unadjusted 2.6% year-on-year. Food sales rose by 7.0%, non-food sales increased by 1.8% and vehicle fuel sales dropped by 10.6%.

 

MTI

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