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Latvia’s retail trade turnover increased 4.2% in 2017

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Compared to 2016, total retail trade turnover rose by 4.2 % in 2017. Turnover of retail trade in food products increased by 3.9 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, grew by 5.1%, whereas turnover of retail sale of automotive fuel – by 2.9 %.

Compared to December 2016, retail trade turnover grew by 6.4 % in December 2017. Turnover of retail trade in food products increased by 8.8 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 3.9%, whereas turnover of retail sale of automotive fuel – by 8.3 %, according to data from the Central Statistical Bureau of Latvia.
 

Compared to December of previous year, the most significant turnover growth within the non-food products group was recorded in retail sale of information and communication equipment (of 21.1 %), retail sale of hardware, paints and glass(of 22.2 %), as well as retail sale of cultural and recreation goods (of 8.9 %). Turnover drop, in turn, was observed in retail sale via mail order houses or via Internet (of 16.9 %), retail sale of clothing, footwear and leather goods (2.6 %), electrical household appliances (3.5 %), as well as retail sale of pharmaceutical and medical goods (2.5 %).
 

The total retail trade turnover at current prices increased by 7.4 % (not taking into account the calendar influence).
 

Compared to November, retail trade turnover grew by 0.2 %  in December 2017. Turnover of retail trade in food products increased by 0.3 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, dropped by 0.9 %, while turnover of retail sale of automotive fuel went up by 3.7 %.
 

Compared to previous month, turnover rose in retail sale of hardware, paints and glass (by 3.3 %), information and communication equipment (by 2.0 %), as well as in retail sale via mail order houses or via Internet (by 2.5 %) and stalls or markets (by 4.8 %).
 

Turnover drop, in its turn, was recorded in retail sale of electrical household appliances (of 13.5 %), retail sale of clothing, footwear and leather goods (7.4 %), as well as in retail sale of cultural and recreation goods (3.2 %).
 

Compared to November, the total retail trade turnover at current prices increased by 16.9 % in December 2017.

BNN

30-01-2018
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