European Economic News

Latvian Retail Sales Return To Growth In May

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More European Economic News