Retail Sales in Latvia decreased 0.30 percent in December of 2022 over the same month in the previous year. source: Central Statistical Bureau of Latvia

Retail Sales YoY in Latvia averaged 5.28 percent from 1999 until 2022, 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 February of 2023.

Retail Sales YoY in Latvia is expected to be -7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Latvia Retail Sales YoY

Calendar GMT Actual Previous Consensus TEForecast
2022-12-29 11:00 AM Nov 10.7% 5.9% 4.1%
2023-01-27 11:00 AM Dec -0.3% 10.7% -3.5%
2023-02-27 11:00 AM Jan -0.3%

Related Last Previous Unit Reference
Retail Sales MoM -3.00 1.30 percent Dec 2022
Consumer Confidence -32.90 -31.30 points Dec 2022
Retail Sales YoY -0.30 10.70 percent Dec 2022
Consumer Spending 4600814.00 4101206.00 EUR Thousand Sep 2022
Economic Optimism Index 91.60 91.10 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.30 10.70 60.60 -28.40 1999 - 2022 percent Monthly
Constant Prices, WDA

News Stream
Latvia Retail Sales Hit 8-Month High
Retail sales in Latvia jumped 10.7% from a year ago in November of 2022, following an upwardly revised 5.9% increase in the previous month. It was the highest rise in retail trade since March, as sales rebounded for clothing, footwear & leather goods (94.4% vs 2.2%), cultural & recreational goods (57.3% vs 3%), metal products, tools, building materials & plumbing (44.4% vs 0.3%), information & communication technology equipment (19.8% vs -2.7%) and non-food products (23.3% vs 1.3%). By contrast, sales declined at a faster pace for mail order or in internet stores (-14.5 percent vs -2 percent) and non-specialized stores, where mostly non-food items are sold (-6 percent vs 3.2 percent).On a seasonally adjusted monthly basis, retail sales went up by 1.3%, after decreasing 0.6% in the previous month.
Latvia October Retail Sales Growth at 7-Month High
Retail sales in Latvia rose by 5.8% from a year ago in October of 2022, following a downwardly revised 1.2% increase in the previous month. It was the strongest growth in retail activity since March, as higher sales of non-food products (14.9%) and automotive fuel (2.7%) more than offset decreases in those of food (-3.8%). On a seasonally adjusted monthly basis, retail sales went down by 0.8%, after increasing 1.2% in the previous month.