Retail Sales in Latvia increased 4.10 percent in August of 2020 over the same month in the previous year. source: Central Statistical Bureau of Latvia

Retail Sales YoY in Latvia averaged 5.48 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 October of 2020.

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.

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Latvia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
4.10 3.80 60.60 -28.50 1999 - 2020 percent Monthly
Constant Prices, WDA

Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 10:00 AM May -0.6% -9% -5.5%
2020-07-29 10:00 AM Jun 4.6% -0.4% 1.3%
2020-08-28 10:00 AM Jul 3.8% 4.6% 4%
2020-09-29 10:00 AM Aug 4.1% 3.8% 2%
2020-10-29 11:00 AM Sep 4.1% 2.3%
2020-11-27 11:00 AM Oct
2020-12-29 11:00 AM Nov

News Stream
Latvia Retail Sales Rebound in June
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.
Latvia Retail Trade Growth Slows in January
Retail sales in Latvia increased 2.6 percent year-on-year in January 2020, following a downwardly revised 2.8 percent rise in the previous month. Sales advanced further for both food (4.4 percent compared to 0.7 percent in December); and non-food (4.7 percent vs 4.2 percent). In contrast, sales of automotive fuel dropped 7.2 percent, after increasing 3.4 percent in the prior month. On a seasonally adjusted monthly basis, retail trade went up 0.6 percent, rebounding from an upwardly revised 0.3 percent fall in December.
Latvia Retail Trade Growth at 8-Month High of 3.2%
Retail sales in Latvia surged 3.2 percent from a year earlier in December 2019, up from an upwardly revised 1.8 percent rise in the previous month. It was the largest annual gain in retail activity since last April, boosted by sales of non-food (5 percent vs 3.2 percent in November); automotive fuel (3.5 percent vs -0.6 percent) and food (0.7 percent vs 1.1 percent). On a seasonally adjusted monthly basis, retail trade went down 0.2 percent, following an upwardly revised 2.7 percent increase in November. Considering the full year of 2019, retail sales grew 2.3 percent compared to the same period a year ago.
Latvia Retail Trade Grows Faster in November
Retail sales in Latvia increased 1.7 percent year-on-year in November 2019, accelerating from a revised 0.1 percent gain in the previous month. Sales rose faster for both food (2.0 percent vs 0.6 percent in October) and non-food products (2.9 percent vs 1.3 percent) while fuel sales fell at a softer pace (-0.6 percent vs -3.1 percent). On a seasonally adjusted monthly basis, retail trade surged 2.6 percent, after a 0.3 percent increase in October.

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.