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The volume of retail sales increased by 3.9% in January, Retail trade, January 2014 (flash estimate)In January 2014, the volume of retail sales – according to the first estimate – increased year-on-year by a calendar adjusted 3.9%. Within this, the volume of sales increased by 3.7% in food, drinks and tobacco stores, by 4.3% in non-food retail trade and by 4.1% in automotive fuel retailing. (05.03.2014.)
|Population, thousand people
(1 January 2013)
|Consumer price change (inflation), % (August 2013)||1.3|
|Unemployment rate, % (May –July 2013)||10.1|
|GDP, % (Quarter 2 2013)||0.5|
|Volume of industrial production, % (August 2013)||–1.4|
In the spotlight
The gross domestic product of Hungary increased by 2.7% in the 4th quarter of 2013 compared to the corresponding period of the previous year. The performance of agriculture, construction and manufacturing activities all increased. The performance of the Hungarian economy grew by 1.1% in 2013. The value of gross domestic product was HUF 29 114 billion at current prices and HUF 2 million 943 thousand per capita in 2013.
External trade showed a surplus of EUR 303 million in December. In the last month of 2013, the volume of exports was 14%, while that of imports was 13% more in external trade in goods than in the same month of the previous year. In 2013, export and import volumes increased by 4.8% and 5.0%, respectively.
The growth of the cattle stock continued, so their number at the end of 2013 was already higher than ten years earlier. The number of pigs and sheep slightly rose in the last six months. The number of turkeys grew, while other poultry stocks decreased in line with seasonality compared to June.
In December 2013, according to the second set of preliminary data, retail sales increased year-on-year by a calendar adjusted 1.8%. Within this, the volume of sales rose by 0.4% in food, drinks and tobacco stores, by 2.7% in non-food retail trade and by 4.9% in automotive fuel retailing.
Crop production improves performance of domestic agriculture in 2013 (Economic accounts for agriculture, 2013 – second preliminary data)
The output value of agriculture was 4% higher at current prices in 2013 than one year earlier. It was principally the larger production volume of crop products that allowed the growth of performance of the division, the value of the product group was higher than in 2012 in spite of the price decrease. The output value of animal husbandry was hardly higher than in the previous year. Gross value added grew, however, labour input was somewhat lower than one year before.
The latest issue of the Statistical Report provides a comprehensive picture of the most important socio-economic trends and features. The analysis is supplemented by inset figures and tables, as well as by Excel tables providing an opportunity for a detailed overview.
In November 2013 industrial gross output rose by 3.5% compared to the same month of 2012. Sales growth in the driver of industrial production, the manufacture of transport equipment and in the related supplier branches played the main role in the rise of output.