Latvia Retail Sales YoY  Forecast


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Retail Sales YoY in Latvia is expected to be 6.71 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 8.06 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 8.71 percent in 2020, according to our econometric models.


Latvia Consumer Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence -7.7 -8.7 -9.57 -10.42 -11.19 -16.09
Retail Sales MoM -0.6 0.38 0.4 0.37 0.37 0.37
Retail Sales YoY 4.9 6.71 7.35 7.77 8.06 8.71
Consumer Spending 3695749 3557151 3463327 3562291 3599218 3533955
Personal Savings -2.19 -0.47 -0.15 0.17 0.49 0.72
Consumer Credit 509 512 513 513 513 508
Bank Lending Rate 3.59 3.78 3.83 3.9 3.96 4.4
Economic Optimism Index 107 107 107 106 106 103
Gasoline Prices 1.28 1.39 1.41 1.41 1.4 1.33
Households Debt To Income 37.56 34.99 34.75 34.51 34.27 35.98