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Friday 24.11.2017 | Name days: Velta, Velda
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Retail trade turnover grows by 1.8% in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to April 2015, total retail trade turnover in Latvia rose by 1.8 % in April 2016. Retail trade in food products decreased by 0.4 %, whereas retail turnover in non-food products increased by 3.0 %.

Compared to April 2015, in April 2016 the most significant turnover growth was recorded in retail sale of information and communication equipment (of 19.2 %), in retail sale of food, beverages and tobacco in specialised stores (of 8.7 %), in retail sale of clothing, footwear and leather goods (of 7.5 %), in retail sale of pharmaceutical and medical goods (of 7.0 %), in retail sale of sporting equipment, games and toys (of 5.7 %), in retail sale via mail order houses or via Internet (of 4.9 %), according to data from the Central Statistical Bureau of Latvia.

Retail sale of automotive fuel remained at the level of the previous month (growth of 0.5 %). In turn, drop was recorded in retail sale of hardware, paints and glass (of 4.8%), retail sale of books and stationery (of 4.4 %). Retail trade in stalls and markets keeps decreasing – a drop of 4.9 % in April 2016, as compared to April 2015.

Compared to March 2016, the total retail trade turnover in April 2016 grew by 0.3 % (according to seasonally adjusted data at constant prices). Retail trade in food products decreased by 0.3 %, and turnover of non-food products went down by 1.1 %.

Compared to March, growth was recorded in retail sale of automotive fuel (of 5.4 %), in retail sale of flowers, plants, seeds, fertilisers (of 6.5 %), in retail sale of cultural and recreation goods (of 5.3 %), in retail sale of cosmetics and toiletries (of 5.3 %), as well as in retail sale of information and communication equipment (of 3.1 %). In turn, drop was observed in retail sale via mail order houses or via Internet (of 9.1 %), and in retail sale of clothing, footwear and leather goods (of 2.8 %).

Compared to March, the total retail trade turnover at current prices, not taking into account seasonality, in April rose by 1.4 %. The same turnover growth (of 1.4 %) was also recorded a year before – in 2015.

Ref: 102.109.109.7895


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