logo
Plus   Neg
Share
Email

Latvia Retail Sales Decline Slows In May

Latvia's retail sales declined at a softer pace in May, figures from the Central Statistical Bureau showed on Monday.

Retail sales decreased a calendar adjusted 0.6 percent year-over-year in May, following a 9.0 percent fall in April.

Turnover of retail trade in food products grew by 1.6 percent annually in May and those of automotive fuels rose 3.3 percent. Sales of non-food products decreased by 3.9 percent.

On a monthly basis, retail sales increased a seasonally adjusted 7.8 percent in May, reversing a 7.6 percent fall in the previous month. Sales rose for the first time in three months.

Sale of clothing, footwear and leather goods surged 73.9 percent from the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT