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Retail turnover plummeted in January in Latvia

Calendar adjusted data (at constant prices) published February 26 by the Central Statistical Bureau (CSB) show that, compared to January 2020, in January 2021 total retail trade turnover reduced by 8.9%.

Retail trade in food products decreased by 0.6 %, retail trade in non-food products (except for retail sale of automotive fuel) – by 23.4 %, but turnover of retail sale of automotive fuel – increased by 14.8 %.

As compared to January 2020, the most notable turnover growth was registered in retail sale of electrical household appliances in specialized stores (of 21.2 %) and retail sale via mail order houses or via Internet (11.9 %). Turnover drop was registered in other retail trade sectors, largest of them – in retail sale of clothing, footwear and leather goods (of 64.0 %), retail sale in non-specialized stores selling mainly non-food products (41.8 %) and retail sale of cultural and recreation goods (29.2 %).

Total retail trade turnover at current prices fell by 11.4 % (not taking into account the calendar influence).

Compared to December, the total turnover of retail trade enterprises in January 2021 fell by 4.9 %, according to seasonally adjusted data at constant prices. Retail trade in food products decreased by 1.4 %, retail trade in non-food products (except for retail sale of automotive fuel) – by 11.8 %. Retail sale of automotive fuel rose by 3.2 %.

Compared to the previous month, the most notable turnover rise was recorded in retail sale via mail order houses or via Internet (of 18.7 %), retail sale of electrical household appliances in specialized stores (16.4 %) and retail sale of information and communication equipment in specialized stores (9.3 %). The largest turnover drop was registered in retail sale of clothing, footwear and leather goods (of 43.5 %), retail sale in non-specialized stores selling mainly non-food products (30.9 %) and retail sale of hardware, instruments, construction materials and sanitary equipment (20.6 %).

Compared to December, in January 2021 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 23.2 %.

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

 

January 2021 as %,

compared to:

December 2020 (seasonally adjusted)

January 2020 (calendar adjusted)

Retail trade – total

95.1

91.1

retail sale of food products, total

98.6

99.4

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

88.2

76.6

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

69.1

58.2

retail sale of information and communication equipment in specialised stores

109.3

90.8

retail sale of electrical household appliances in specialised stores

116.4

121.2

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

79.4

71.1

retail sale of cultural and recreation goods

97.0

70.8

retail trade in pharmaceutical and medical goods

93.9

99.8

retail sale of cosmetics and toiletries

89.4

72.1

retail sale of clothing, footwear and leather goods

56.5

36.0

retail sale in stalls or markets

107.5

76.8

retail sale via mail order houses or via Internet

118.7

111.9

retail sale of automotive fuel

103.2

114.8

More information on seasonally adjusted, calendar adjusted and non-adjusted retail trade turnover indices is available in the Official statistics portal “Trade and services”.

 

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