Lithuania's May Retail Sales Drop at Softer Pace

Analysis

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Retail sales in Lithuania shrank by 0.7% year-on-year in May, following a downwardly revised 3.9% fall in the previous month, figures from the Vilnius-based Statistics Lithuania (LS) showed on Tuesday.

It was the fourth straight month of decline but the steepest decrease in the sequence, due to softer falls in sales of food, beverages & tobacco (-2.4% vs -7.3% in April), and non-food products (-2.0% vs -3.4%), amid faster rises in automotive fuel (4.3% vs 0.4%).

On a monthly basis, retail activity grew by 7.3% in May, rebounding sharply from a downwardly revised 0.2% drop in the previous month. 

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