Latvia retail sales growth eases in further in May

Retail

Latvia's retail sales growth slowed for the fourth successive month in May, figures from the Riga-based Central Statistical Bureau (CSB) showed on Wednesday.

Retail sales rose a calendar-adjusted 4.2% year-on-year in May, slightly slower than the 4.5% gain in the previous month. Turnover of retail trade in non-food products, except for retail sales of automotive fuels, grew 7.8% yearly in May and those of food products increased 2.9%.

Meanwhile, sales of automotive fuel registered a fall of 2.6% and retail sales via mail order houses or via internet dropped sharply by 7.3%.

On a monthly basis, retail sales declined a seasonally adjusted 1.1% in May, following a 4.4% decrease in April. 

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