Retail trade took November hit in Latvia

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Data released by the Central Statistical Bureau (CSB) December 29 show that, compared to November 2020, in November 2021 total retail trade turnover reduced by 3.7 % in Latvia. 

Turnover of retail trade in food products grew by 0.3%. Retail trade in non-food products (except for retail sale of automotive fuel) decreased by 7.3 %, but turnover of retail sale of automotive fuel – by 2.6 %.

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Compared to November 2020, the most notable turnover growth was registered in retail sale via mail order or via Internet (35.1 %) and retail trade in pharmaceutical and medical goods (6.2 %). A turnover drop was recorded in retail sale of cultural and recreation goods (of 15.5 %), retail sale of hardware, instruments, construction materials and sanitary equipment (14.9 %), as well as retail sale of clothing, footwear and leather goods (14.6 %).

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

Compared to October, the total turnover of retail trade enterprises in November 2021 fell by 3.6 %, according to seasonally adjusted data at constant prices.  Compared to October, in November 2021 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 5.4 %.

The figures were likely influenced by the fact that November included two weeks of Covid-prompted 'lockdown', with restrictions on retail trade partially eased on November 15. 

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