Latvian retail sector on the rise in May

Take note – story published 5 years ago

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to May 2017, in May 2018 total retail trade turnover rose by 7 %. 

Turnover of retail trade in food products increased by 6.5 %, while turnover of retail trade in non-food products and retail sale of automotive fuel rose by 7.3 %.

Compared to May of the previous year, the most significant turnover growth within the non-food products group was recorded in retail sale of hardware, paints and glass (of 26.4 %), retail sale of cultural and recreation goods (of 13 %), as well as retail sale of electrical household appliances in specialised stores (of 14.6 %).The largest turnover drop was observed in retail sale via stalls and markets (of 6.4 %), as well as in retail sale via mail order houses or via Internet (7.2 %).

The total retail trade turnover at current prices increased by 9.7 % (not taking into account the calendar influence).

Compared to April, the total turnover of retail trade enterprises in May 2018 grew by 3.4 %, according to seasonally adjusted data at constant prices. Compared to April, in May 2018 the total retail trade turnover at current prices (not taking into account seasonality) increased by 10.8 %.

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