Slight growth in Latvia's retail trade figures in July

Calendar-adjusted data (at constant prices) published on August 29 by the Central Statistical Bureau (CSB) show that, compared to July 2021, in July 2022 total retail trade turnover rose by 0.5%.

Turnover of retail trade in food products grew by 1.7%. Retail trade in non-food products (except for the retail sale of automotive fuel) increased by 3.4 %, but the turnover of retail sales of automotive fuel reduced by 8.4 %.

Compared to July 2021, the most notable turnover rise was recorded in the retail sale of cultural and recreation goods (57.1 %), retail sale of information and communication equipment in specialized stores (13.8 %), and non-specialized stores selling mainly non-food products (9.3 %). A turnover drop was registered in retail sales in stalls or markets (of 23.9 %), retail sales via mail order or via the Internet (10.8 %), and retail sales of electrical household appliances in specialized stores (5.7 %).

Total retail trade turnover at current prices increased by 19.3 % (not taking into account the calendar influence).

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Compared to Junethe total turnover of retail trade enterprises in July 2022 fell by 0.4 %, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products declined by 1.3 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 0.1 %, but turnover of retail sale of automotive fuel – reduced by 0.2 %.

Compared to the previous month, the largest turnover growth was observed in retail sale of cultural and recreation goods (of 15.7 %), retail sale of clothing, footwear and leather goods (4.4 %) and retail sale of pharmaceutical and medical goods (2.7 %). The largest turnover drop was registered in retail sale in stalls or markets (of 11.1 %) and retail sale of cosmetics and toiletries (4.3 %).

Compared to June, in July 2022 the total retail trade turnover at current prices (not taking into account seasonality) increased by 2.0 %.

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