Retail Sales Fall 2.0% in March


Retail sales in Hungary fell by an annual 1.5% in March, and by 2.0% when adjusted for calendar-year and seasonal effects, the Central Statistical Office (KSH) said.


The sector was impacted by panic buying ahead of a pandemic lockdown in the base period, KSH said. Adjusted food sales slipped by 2.0%, non-food sales fell by 5.9% and vehicle fuel sales rose by 2.1%. Month on month, adjusted retail sales dropped by 0.8%, KSH said. In the January-March period, retail sales dropped an annual 3.2%.


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