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Latvia's retail sector saw 1.5% turnover growth in 2020

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) and released January 29 show that, compared to 2019, in 2020 retail trade turnover in Latvia rose by 1.5%, despite periods with retail restrictions in place. 

Retail trade of food products grew by 3.5 %. Retail trade of non-food products (except for retail sale of automotive fuel) reduced by 1.9 %, of automotive fuel – rose by 6.4 %.

Retail trade turnover 2020

However, in December, when the strictest curbs on visiting shops and buying certain products were in place during the pre-Christmas period, total retail trade turnover reduced by 4.4 % year-on-year. 

As compared to December 2019, the most notable turnover growth was registered in retail trade in pharmaceutical and medical goods (of 8.1 %) and retail sale of electrical household appliances in specialised stores (2.0 %). A significant turnover drop was registered in retail sale of clothing, footwear and leather goods (of 40.2 %), retail sale in stalls or markets (28.5 %) and retail sale of cultural and recreation goods (23.6 %).

Compared to November, the total turnover of retail trade enterprises in December 2020 fell by 5.7 %.

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