Lithuania retail sales growth eases in October

Retail

Photo by Stokkete/Shutterstock.com

Lithuania's retail sales increased at a softer pace in October, figures from the Vilnius-based Statistics Lithuania (LS) showed on Friday. Retail sales, excluding VAT (value added tax), increased a working-day adjusted 8.9% year-on-year in October, after a 11.3% rise in September.

Sales of non-food stores surged 10.4% annually in October and those in specialized stores accelerated 33.7%.

Sales in non-specialized stores and those of food, alcoholic beverages and tobacco increased by 1.6% and 2.2%, respectively.

On a month-on-month basis, retail sales declined a seasonally adjusted 0.1% in October.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.