Once again, people started shopping with more momentum: according to the CSO’s weekly monitor, shoppers spent 3 percent more money in retail stores between January 8 and February 5 this year than last year.
Once again, people started shopping with more momentum: according to the CSO’s weekly monitor, shoppers spent 3 percent more money in retail stores between January 8 and February 5 this year than last year. These statistics show the change in current prices based on data from online cash registers, so inflation must be deducted from this for actual turnover growth. However, soaring webshop spending due to the epidemic situation is not included in this data, so this could mean an overall 1-2 percent increase in total retail sales, which has not been seen since the summer. Yet this year has basically not started well for shopkeepers: in the first three weeks, cash registers showed only a 0.1 per cent plus for the full January. However, due to the rise in prices, this signaled a decline in turnover, especially as, as has become the case during the crisis, increasing spending was mainly on food purchases. However, food prices are rising at a much higher rate than average inflation, meaning that the increase in the minimum current price may have meant a decline in the volume of goods actually purchased. In the food, beverages and tobacco category, growth accelerated from 3.9% at the beginning of the year to 3.9% at the beginning of February, and from 7.8% to 10.2% at the beginning of February in non-specialized general stores, mainly hypermarkets. In addition, people seem to be tired not only of saving, but also of sitting at home, the decline in fuel turnover seems to be at least slowing down: in the first three weeks of January it was 6.7 percent, but in the period from January 8 to February 5 it was only The data show -2.1 percent. Industrial goods stores, on the other hand, continue to suffer severe sales declines, even though they closed a very poor year last year. After a significant number of students and employees sat at home practically all year round, so they didn’t really need new clothes, in 2020 people spent less on clothing than in 2015 – only 561 billion forints after 2019 billion in 2019. Many boutiques have also closed, with the number of 17,000 clothing stores down about 500 in the first half of last year, according to Blokkk.com. Christmas was not as successful as the shopkeepers wanted it to be, even the turnover of popular gift items – books, computer and technical items – was significantly lower than a year earlier. Compared to the first weeks of the new year, the statistics, supplemented by data from the beginning of February, still show a significant decline in cultural and leisure articles, although consumers spent on books, newspapers, sporting goods and games less than a quarter, but only a fifth.
Source: Népszava by nepszava.hu.
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