Retail sales up 3.9% January to November

Data by Latvia's Central Statistics Office suggest that retail sales have grown 3.9% from January to November this year, according to calendar-adjusted data. 

Data by Latvia's Central Statistics Office suggest that retail sales have grown 3.9% from January to November this year, according to calendar-adjusted data. 

The on-year figure is 4.7%, against November 2016. Annual turnover of retail trade in food products increased by 5.4 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, grew by 4.6 %, whereas turnover of retail sale of automotive fuel – by 3.9 %.

The most significant turnover growth within the non-food products group was recorded in retail sale of electrical household appliances (of 40.8 %), retail sale of information and communication equipment (of 14.6 %), retail sale of hardware, paints and glass (of 15.3 %), as well as retail sale of cultural and recreation goods (15.4 %). Turnover drop, in turn, was observed in retail sale via mail order houses or via Internet (of 15.7 %), stalls or markets (6.2 %), as well as retail sale of pharmaceutical and medical goods (3.8 %).

The total retail trade turnover at current prices increased by 8.3 % (not taking into account the calendar influence).

Monthly stats

Compared to October, in November 2017 retail trade turnover grew by 1.0 % (according to seasonally adjusted data at constant prices). Turnover of retail trade in food products increased by 0.9 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, remained the same, while turnover of retail sale of automotive fuel went up by 5.0 %.

Compared to previous month, turnover reduced in retail sale of information and communication equipment (by 9.2 %), retail sale of pharmaceutical and medical goods (by 1.4 %), as well as in retail sale in non-specialised stores with non-food products predominating (by 6.5 %).

Turnover increase, in its turn, was recorded in retail sale of electrical household appliances in specialised stores (of 14.7 %), retail sale of cultural and recreation goods (3.9 %), as well as retail sale of hardware, paints and glass (1.8 %).

Compared to October, in November 2017 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 2.9 %.

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