Retail trade ticked up in January

Take note – story published 1 year ago

Calendar adjusted data published by the Central Statistical Bureau (CSB) on February 27 show that, compared to January 2022, in January 2023 total retail trade turnover in Latvia rose by 2.9 %. 

Turnover of retail trade in food products declined by 3.2 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 5.7 %, but turnover of retail sale of automotive fuel rose by 8.5 %.

As compared to January 2022, the largest turnover rise was registered in retail sale of clothing, footwear and leather goods (23.2 %) and retail sale of hardware, instruments, construction materials and sanitary equipment (14.3 %). A turnover drop was registered in retail sale in non-specialised stores selling mainly non-food products (7.6 %) and retail sale of cultural and recreation goods (4.5 %).

Total retail trade turnover at current prices increased by 20.4 % (not taking into account the calendar influence).

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Compared to December 2022, the total turnover of retail trade enterprises in January 2023 increased by 1.4 %, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products grew by 2.7%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 1.6 %, but turnover of retail sale of automotive fuel – reduced by 1.4 %.

Compared to December, in January 2023 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 16.6 %. The data are subject to future revision.

Turnover indices of retail trade enterprises by main kind of economic activity (at constant prices)

 

January 2023 as %, compared to:

December 2022 (seasonally adjusted)

January 2022 (calendar adjusted)

Retail trade – total

101.4

102.9

retail sale of food products, total

102.7

96.8

retail sale of non-food products, except for retail sale of automotive fuel, total

101.6

105.7

retail sale in non-specialised stores selling mainly non-food products

103.5

92.4

retail sale of information and communication equipment in specialised stores

103.7

102.0

retail sale of electrical household appliances in specialised stores

105.6

101.6

retail sale of hardware, instruments, construction materials and sanitary equipment

102.7

114.3

retail sale of cultural and recreation goods

90.8

95.5

retail trade in pharmaceutical and medical goods

96.7

102.2

retail sale of cosmetics and toiletries

100.4

101.0

retail sale of clothing, footwear and leather goods

95.1

123.2

retail sale in stalls or markets

110.4

123.8

retail sale via mail order houses or via Internet

114.8

109.9

retail sale of automotive fuel

98.6

108.5

 

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