Lithuania retail sales drop in December
Photo by maxbelchenko / Shutterstock.com
Lithuania's retail sales declined for the first time in eight months in December, figures from Statistics Lithuania (LS) showed on Thursday. Retail sales, excluding VAT (value-added tax), decreased a working-day adjusted 1% year-on-year in November, after a 6.4% rise in November.
Sales of non-food stores declined 1.4% annually in December and sales in specialized stores fell 2.8%. Sales in non-specialized stores, and those of food, alcoholic beverages and tobacco increased by 4.8% and 4.6%, respectively. On a month-on-month basis, retail sales fell 6.2% in December.
For the January to December period, retail sales rose by a working-day adjusted 2.5% from the same period of the previous year. Separate data from the Vilnius-based office showed that the preliminary estimate of EU measure of harmonized index of consumer prices, or HICP rose 0.2% yearly in January, reversing a 0.1% fall in December.
On a monthly basis, HICP increased 0.4% in January, after remaining unchanged in the previous month.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.