Decent Latvian retail sector growth in June

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to June 2016, total retail trade turnover in June 2017 rose by 3.1 %. Turnover of retail trade in food products increased by 1.0 %, while turnover of retail trade in non-food products grew by 4.7 %.

The most significant growth in turnover in the non-food product group was recorded in retail sale of cultural and recreation goods (of 23.7 %), retail sale of information and communication equipment (of 19.8 %), retail sale of clothing and footwear (of 14.0 %) and in retail sale of hardware, paints and glass (of 9.5 %). In turn, a drop in turnover was experienced in retail sale of pharmaceutical and medical goods (of 3.0 %), as well as in retail sale of automotive fuel (of 2.2 %).

Total retail trade turnover at current prices increased by 6.2 % (not taking into account the calendar influence).

In June 2017, compared to May, retail trade turnover decreased by 0.7 % (according to seasonally adjusted data at constant prices). Turnover of retail trade in food products dropped by 0.8 %, while turnover of retail trade in non-food products decreased by 0.6 %.

A drop in turnover was experienced in retail sale of information and communication equipment (of 3.9 %), retail sale of automotive fuel (of 3.6 %), retail sale of pharmaceutical and medical goods (of 1.9 %) and in retail sale via mail order houses or via Internet (of 1.8 %). In turn, growth in turnover could be observed in retail sale of clothing and footwear (of 6.2 %), retail sale of cultural and recreation goods (of 5.1 %), as well as in retail sale via stalls and markets (of 3.4 %).

Compared to May, in June 2017 the total retail trade turnover at current prices (not taking into account seasonality) rose by 0.4 %.

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