Hungary Retail Sales Growth Eases In October

Hungary's retail sales growth eased further in October, data from the Hungarian Central Statistical Office showed on Monday.

Retail sales rose a working-day adjusted 0.6 percent yearly in October, after a 3.0 percent gain in September.

Sales of food, drinks and tobacco decreased 5.6 percent annually in October and those of non-food products fell 0.9 percent. On the other hand, sales of automotive fuels surged 19.7 percent.

On an unadjusted basis, the volume of retail sales rose 0.6 percent year-on-year in October, after a 3.0 percent increase in the previous month.

The volume of mail order and internet retailing, which accounted for 7.8 percent of all retail sales and involves a wide range of goods, fell 1.7 percent yearly in October, the agency said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Health insurer Humana Inc. reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts' expectations, while quarterly revenues missed it by a whisker. South Plainfield, New Jersey-based Two Rivers Coffee is recalling its peanut butter single serve hot chocolate pods citing an undeclared peanut allergen, the U.S. Food Drug Administration said. The recall involves peanut butter single serve hot chocolate pods distributed as "Brooklyn Bean Peanut Butter Cup Hot Cocoa", "Pingo Peanut Butter Cookie Hot Chocolate" and ... Shares of Novartis AG were losing around 2 percent in the early morning trading in Switzerland after the drug major reported Wednesday sharply lower profit in its fourth quarter with weak sales as well as the absence of prior year's hefty Roche income. Adjusted earnings, however, topped market estimates, while top line missed their view. Further, the company announced higher dividend...
Follow RTT