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Retail trade turnover in Latvia up 4% last year

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Compared to 2017, total retail trade turnover rose by 4 % in 2018. Turnover of retail trade in food products had increased by 4.2 %, turnover of retail trade in non-food products by 4.2%, and turnover of retail sale of automotive fuel by 2.9 %.

Compared to December 2017, retail trade turnover grew by 2.2 % in December 2018. Turnover of retail trade in food products had increased by 1.5 %, turnover of retail trade in non-food products (except for retail sale of automotive fuel) by 4.4 %, and turnover of retail sale of automotive fuel by 3.0 %, according to data from the Central Statistical Bureau of Latvia.
 

Compared to December 2017, the most significant turnover growth within non-food product group was recorded in retail sale in non-specialised stores with non-food products predominating (of 25.4 %) and retail sale of information and communication equipment in specialised stores (9.3 %). The largest turnover drop, in its turn, was observed in retail sale via stalls and markets (of 14.5 %).
 

The total retail trade turnover at current prices rose by 2.7 % (not taking into account calendar influence).
 

Compared to November, in December 2018 total turnover of retail trade enterprises fell by 1.2 % (according to seasonally adjusted data at constant prices). Turnover of retail trade in food products had dropped by 1.4 %, turnover of retail trade in non-food products, except for retail sale of automotive fuel, by 1.6 %, while turnover of retail sale of automotive fuel rose by 0.1 %.
 

Compared to the previous month, the most notable turnover rise was recorded in retail sale via mail order houses or via Internet (of 2.1 %), as well as retail sale of clothing, footwear and leather goods (2.0 %).
 

The most significant turnover decline, in turn, was registered in retail sale of electrical household appliances (of 8.1 %) and retail sale of information and communication equipment (3.3 %).
 

Compared to November, total retail trade turnover at current prices grew by 11.6 % in December 2018.

BNN/LETA

30-01-2019
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