Latvia retail sales ease in August

Retail

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Latvia's retail sales increased in August, figures from the Riga-based Central Statistical Bureau (CSB) showed on Wednesday. Retail sales grew a calendar-adjusted 3.7% year-on-year in August, following a 4.8% increase in the previous month.

Turnover of retail trade in non-food products rose 9.8% yearly in August, while those of food products decreased 3.8%.

Sales of automotive fuels gained 3.5%.

Turnover of retail sale via mail order houses or via internet grew the most by 40.6% and sales in electrical household appliances in specialized stores gained 18.1%.

On a monthly basis, retail sales increased a seasonally adjusted 0.3% in August compared to an upwardly revised 1.6 percent fall in July. 

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