Latvian retail trade continues to grow on year, shrink on month

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2017, in April 2018 total retail trade turnover rose by 3.1 %. 

Turnover of retail trade in food products increased by 2.1 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 3.7%, while turnover of retail sale of automotive fuel – by 3.5 %.

Compared to April 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 14.3 %), retail sale of cultural and recreation goods (of 9.8 %), as well as retail sale of clothing, footwear and leather goods (of 6.7 %). The largest turnover drop, in its turn, was observed in retail sale via stalls and markets (of 4.9 %), as well as in retail sale via mail order houses or via Internet (6.2 %).

The total retail trade turnover at current prices increased by 5.9 % (not taking into account the calendar influence).

However, compared to March, the total turnover of retail trade enterprises in April 2018 reduced by 1.3 %, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products decreased by 2.0 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, dropped by 0.7 %, while turnover of retail sale of automotive fuel reduced by 1.3 %.

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