2019 saw 2.3 % growth in Latvian retail sector

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) and released January 29 show that, compared to 2018, in 2019 total retail trade turnover in Latvia rose by 2.3 %.

Turnover of retail trade in food products increased by 1.2 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 4.0%, whereas turnover of retail sale of automotive fuel rose by 0.4 %.

Compared to December 2018, in December 2019 retail trade turnover grew by 3.2 % (according to seasonally adjusted data at constant prices). Turnover of retail trade in food products grew by 0.7 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 5.0 %, but turnover of retail sale of automotive fuel – by 3.5 %.

Compared to December 2018, the most notable turnover rise was recorded in retail sale of information and communication equipment in specialised stores (of 31.7 %), retail sale via mail order houses or via Internet (of 21.0 %), as well as retail sale of cultural and recreation goods (7.2 %). Turnover decline was registered in retail sale of hardware, instruments, construction materials and sanitary goods (of 4.8 %).

Total retail trade turnover at current prices increased by 4.9 % (not taking into account the calendar influence).

Compared to November, the total turnover of retail trade enterprises in December 2019 reduced by 0.2 %, according to seasonally adjusted data at constant prices. However, compared to November, in December 2019 the total retail trade turnover at current prices (not taking into account seasonality) increased by 14.7 %

LSM.LV

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