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Latvian Retail Sales Return To Growth In May

6/29/2012 6:23 AM ET

Retail sales in Latvia increased in May after falling in the previous month, data released by Statistics Latvia showed Friday.

Retail sales, including automotive fuel, increased a seasonally adjusted 2.1 percent in May, reversing the previous month's 2.1 percent decrease.

Sales of food products rose 3.1 percent month-on-month, while sales of non-food products excluding automotive fuel advanced 2.2 percent. Meanwhile, there was a 0.3 percent decrease in sales of automotive fuel during the month.

Year-on-year, retail sales advanced 7.4 percent during the month, slightly slower than the previous month's 7.5 percent gain.

by RTT Staff Writer

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