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Retail trade turnover increased by 9.7% in 2012

Photo: Diana Lozko/LETA.
 RIGA, Jan 30 - In 2012, compared to 2011, total retail trade turnover (at constant prices) increased by 9.7 percent, according to information from the Central Statistical Bureau (CSB).
Retail trade turnover in the food commodity group increased by 3.1 percent, but in enterprises selling non-food products – by 12.9 percent.

In the fourth quarter of 2012, when compared to the third quarter of 2012, retail trade turnover did not change (according to seasonally adjusted data at constant prices). Retail trade of food products decreased by 1.1 percent, whereas in enterprises selling mainly non-food products it grew by 0.4 percent.

Compared to the fourth quarter of 2011, retail trade turnover according to calendar adjusted data grew by 9.8 percent: retail trade in food products increased by 0.9 percent, while retail trade of non-food products grew by 14.2 percent.

Compared to November, the total retail trade turnover in December 2012 increased by 0.7 percent, according to seasonally adjusted data at constant prices. Turnover of non-food commodities increased by 1.4 percent (comprising 70 percent of the total retail trade turnover in December). As compared to November, retail trade in food products in December dropped by 0.8 percent.

As retail trade turnover is significantly affected by public and national holidays, as well as by various price campaigns, in order to ensure that December data are comparable with other months, the data are seasonally adjusted.

As compared to the previous month, the total retail trade turnover at current prices in December not taking into account seasonal factor increased by 16 percent, of which in food commodity group – by 20.1 percent, and in the non-food commodity group – by 13.3 percent.

The largest turnover growth was recorded in sectors providing goods that are traditionally purchased for Christmas presents. For example, retail trade of cosmetics and perfumery increased by 67.4 percent, as compared to the previous month, retail trade of stationary – by 51.8 percent, and retail trade of toys and sporting equipment – by 63.4 percent.

Meanwhile, retail trade of household electrical appliances grew by 64 percent, while retail trade of clothing and footwear rose by 26.9 percent.
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