Retail Sales in Latvia decreased 2.30 percent in October of 2021 over the same month in the previous year. source: Central Statistical Bureau of Latvia

Retail Sales YoY in Latvia averaged 5.32 percent from 1999 until 2021, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.40 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 December of 2021.

Retail Sales YoY in Latvia is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Retail Sales YoY is projected to trend around 3.30 percent in 2022 and 4.20 percent in 2023, according to our econometric models.

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Latvia Retail Sales YoY

Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 10:00 AM Sep 3.9% 3.7% 2.9%
2021-11-29 11:00 AM Oct -2.3% 4.1% 3.2%
2021-12-29 11:00 AM Nov -2.3%

Related Last Previous Unit Reference
Retail Sales MoM -5.30 0.50 percent Oct/21
Consumer Confidence -11.90 -17.30 points Aug/21
Retail Sales YoY -2.30 4.10 percent Oct/21
Consumer Spending 3788404.00 3499888.00 EUR Thousand Jun/21
Economic Optimism Index 99.80 101.90 Sep/21

News Stream
Latvia Retail Sales Ease in August
Retail sales in Latvia grew 3.7 percent year-on-year in August of 2021, following a 4.8 percent increase in the previous month. Sales eased for automotive fuel (3.5 percent vs 12 percent); non- food products (7.9 percent vs 8.2 percent); electric household appliances (18.1 percent vs 20.5 percent). Also, sales via stalls and markets slowed down (9.6 percent vs 19.5 percent) whereas sales via mail order houses or internet advanced at a faster pace (40.6 percent vs 32.1 percent). Meanwhile, sales rebounded for cultural and recreation goods (16.8 percent vs -12.6) and declined for food products (-3.8 percent vs -1.1 percent). On a seasonally adjusted monthly basis, retail sales increased by 0.3 percent compared to an upwardly revised 1.6 percent fall in July.
Latvia Retail Trade Jumps 4.8% in July
Retail sales in Latvia grew 4.8 percent year-on-year in July of 2021, following an upwardly revised 6.3 percent increase in the previous month. Retail trade advanced for automotive fuel (12.0 percent) and non-food products (6.7 percent), mainly due to the sales via mail order houses (32.1 percent), sales in stalls or markets (21.0 percent), and electrical household appliances in specialized stores (20.6 percent). On the other hand, sales of food products fell by 1.2 percent. On a seasonally adjusted monthly basis, retail sales fell by 1.5 percent, following an upwardly revised 4.3 percent rise in June.
Latvia Retail Trade Climbs 3.2% in May
Retail sales in Latvia climbed 3.2 percent year-on-year in May of 2021, following an upwardly revised 15.7 percent jump in the previous month. Retail trade activity advanced the most for specialized stores of information and communication equipment (21.2 percent vs 57.2 percent in April) and of cultural and recreational goods (17.7 percent vs 28.3 percent), as well as in stalls and markets (12.7 percent vs 47.6 percent). To a lesser extent, sales also were higher for automotive fuel (5.2 percent vs 10.5 percent), household equipment (2.2 percent vs 17.9 percent), and other goods (0.6 percent vs 28.2 percent). On a seasonally adjusted monthly basis, retail sales fell by 3.9 percent, following a downwardly revised 3.8 percent rise in April.

Latvia Retail Sales YoY
In Latvia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.