Lithuania Retail Sales Fall in October

Retail

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Retail sales in Lithuania fell by 0.4% year-on-year in October, easing from an upwardly revised 2.8% decrease in the previous month, figures released by Vilnius-based Statistics Lithuania (LS) on Tuesday show.

This marked the ninth consecutive month of contraction but the smallest drop in the sequence. Sales of non-food products rebounded (3.9% vs -3.2% in September), while those of food, beverages & tobacco declined at a softer pace (-2% vs -2.6%).

Conversely, sales of automotive fuel in specialized stores dropped further (-5.8% vs -2.2%).

On a monthly comparison basis, retail activity grew by 1.2% in October, recovering from an upwardly revised 6.9% slump in September.

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