Latvia's retail figures show positive trend in February

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Calendar-adjusted data (at constant prices) published on March 29 by the Central Statistical Bureau (CSB) show that, compared to February 2022, in February 2023 total retail trade turnover rose by 2.4 %.

Turnover of retail trade in food products declined by 0.8 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 4.8 %, but the turnover of retail sales of automotive fuel – by 2.9 %.

As compared to February 2022, the most significant turnover growth was registered in the retail sale of clothing, footwear, and leather goods (21.0 %), retail sale of hardware, instruments, construction materials, and sanitary equipment (12.6 %), and retail sale of information and communication equipment in specialized stores (10.8 %). A turnover drop was registered in retail sales in non-specialized stores selling mainly non-food products (of 8.8 %), retail sales via mail order houses or the Internet (6.8 %), and retail sales of electrical household appliances in specialized stores (3.8 %).

Total retail trade turnover at current prices increased by 17.5 % (not taking into account the calendar influence).

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Compared to January, the total turnover of retail trade enterprises in February 2023 rose by 0.4 %, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products grew by 1.7%. Retail trade in non-food products (except for the retail sales of automotive fuel) increased by 1.3 %, but the turnover of retail sales of automotive fuel reduced by 4.1 %.

As compared to the previous month, the significant turnover increase was registered in the retail sale of clothing, footwear, and leather goods (11.4 %), retail sale of information and communication equipment in specialized stores (3.3 %), and retail sale of cosmetics and toiletries (2.2 %). The largest turnover drop was registered in retail sales via mail-order houses or via the Internet (of 8.9 %), retail sale of electrical household appliances in specialized stores (5.2 %), and retail sales in stalls or markets (4.9 %).

Compared to January, in February 2023 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 3.8 %.

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