Lithuania Retail Sales Climbs on Year in January
Retail sales in Lithuania grew by 3.1% year-on-year in January, recovering from a 5.9% fall in December, figures from Statistics Lithuania (LS) on Tuesday show.
This was the first increase in retail trade since last May, due to a rebound in sales of non-food products (3.1% vs -10.6% in December), amid a faster rise in sales of automotive fuel in specialized stores (18.4% vs 13.2%).
Additionally, sales of food, beverages & tobacco fell less (-5.9% vs -9.5%). On a monthly basis, retail sales plunged by 16.4% in January, reversing sharply from a 10.7% surge in the previous month, which was the strongest growth in nine months.
A separate report from Vilnius-based statistics agency showed that Lithuania's industrial production dropped 9.4% in January following a 7.7% fall in the previous month. On a seasonally adjusted monthly basis, industrial production declined 1.5% in January, easing from a 4% fall in the previous month.
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