It was the sharpest growth rate in retail activity since November 2022, boosted by sales of automotive fuel (+11.9%) and food (+5%).
On the other hand, spending on non-food products declined by 1.7%. On a monthly basis, retail trade rose by 1% in March, following a downwardly revised 0.3% rise the previous month.
The Riga-based statistics agency said also in a flash estimate, that Latvia gross domestic product (GDP) edged down by 0.2% year-on-year in the first quarter of 2024, following a downwardly revised 0.5% fall in the previous period.
On a quarterly basis, the country's economy grew by 0.8%.
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