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Hungarian Retail Sales Drop Most Since 2010 on Electronic Goods

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Jan. 25 (Bloomberg) -- Hungarian retail sales fell the most since 2010 in November of last year amid the country’s second recession in four years.

Retail sales dropped 4.1 percent from November 2011, the biggest plunge since June 2010, after a 3.7 percent decrease in October, the Budapest-based statistics office said in a statement today. That compared with a median estimate for a 3.2 percent drop, according to eight economists in a Bloomberg survey.

The sales volume for furniture and electronic goods dropped 16 percent in November from a year ago while that of books and computer equipment fell 9 percent, the statistics office said.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net

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