Lithuania retail sales drop in December

Retail

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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.

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