Lithuania retail sales growth slows in May

Retail

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Lithuania's retail sales increased at a softer pace in May, figures from Vilnius-based Statistics Lithuania (LS) showed on Monday. Retail sales, excluding VAT (value-added tax), increased a working-day adjusted 18.6% year-on-year in May, following a 36.2% rise in April.

Sales of non-food stores surged 27.3% annually in May and those in specialized stores accelerated 48.9%.

Sales in non-specialized stores and those of food, alcoholic beverages and tobacco increased by 6.6% and 7.4%, respectively. On a month-on-month basis, retail sales grew a seasonally adjusted 1.7% in May. 

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