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Retail Sales Fall 10% in April as Hungary Goes into Lockdown

MTI-Hungary Today 2020.06.04.

Retail sales in Hungary fell by 10.2 percent 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) on Thursday show.

Retail sales fell at the same pace when adjusted for calendar effects. Food sales edged down an adjusted 0.4 percent, but non-food sales declined by 14.8 percent as opening times of non-essential businesses were restricted. A stay-at-home order caused vehicle fuel sales to plunge 26.3 percent.

For the period January-April, retail sales rose an adjusted 2.5 percent and an unadjusted 2.6 percent year-on-year. Food sales rose by 7.0 percent, non-food sales increased by 1.8 percent and vehicle fuel sales dropped by 10.6 percent.

Featured photo illustration via pixabay.com