Hungary: Retail Trade Sector Shrinks

CompaniesRetail & Consumer ♦ Published: November 26, 2012; 13:52 ♦ (Vindobona)

Due to the declining real income, sales in the retail trade industry fell by 3.9% compared to 2011.

Hungary: Retail Trade Sector Shrinks / Picture: ©

A fall in the sales of food, drinks and tobacco stores, petrol stations as well as furniture and electrical goods shops – as in the previous month – played a determining role in how the volume of retail sales decreased. At the same time, sales volumes continued to dynamically increase in mail order and internet retailing.In terms of volume, retail sales decreased by…