Retail sales in Latvia increased 4.6 percent year-on-year in June of 2020, rebounding from a downwardly revised 0.4 percent fall in the previous month. It was the first gain in retail trade since February, as non-food products sales rebounded (3.3 percent vs -3.4 percent in May), particularly clothing, footwear and leather goods (3 percent vs -27.7 percent) and dispensing chemist in specialised stores and retail sale of medical and orthopaedic goods (16.3 percent vs -0.9 percent). In addition, sales advanced faster for both food, beverages & tobacco (5 percent vs 1.7 percent) and automotive fuel (7.2 percent vs 2.8 percent). On a seasonally adjusted monthly basis, retail sales rose 4.6 percent, following an upwardly revised 8.2 percent jump in May.
Retail Sales YoY in Latvia averaged 5.49 percent from 1999 until 2020, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.50 percent in December of 2009. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Central Statistical Bureau of Latvia
Retail Sales YoY in Latvia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Latvia to stand at 2.60 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 3.30 percent in 2021 and 4.20 percent in 2022, according to our econometric models.