Latvia saw a recovery in retail trade in April / Article

By on May 29, 2021 0

In April 2021, Latvia’s seasonally adjusted retail sales increased 3.9% at constant prices compared to March 2021, the Central Bureau of Statistics reported.

While sales by food retailers fell 0.8%, sales by non-food retailers (excluding automotive fuel sales) jumped 9.1% month-over-month, and retail trade by automotive fuel rose 1.2%.

Compared to the previous month, the fastest growth in turnover was observed in the retail sale of clothing, footwear and leather goods (by 33.5%), retail sale on stalls or on the shelves. markets (23.2%) and the retail sale of hardware, instruments, construction materials and sanitary products. equipment (17.6 percent).

The largest decrease in turnover was recorded in mail order or internet retailing (by 12.6%) and in the retail sale of information and communication material in specialized stores (8.1% ).

Compared with March, the overall seasonally adjusted sales of retailers in April increased 4.5% at current prices.

The calendar corrected data (at constant prices) compiled by the CSB shows that, compared to April 2020, in April 2021, the total turnover of the retail trade increased by 15.6%. Food retail sales increased 6.9 percent. Retailing of non-food products (except retailing of automotive fuel) increased 25.9% and sales of automotive fuel by 10.5%.

The CSB noted that in April 2020 there had been a significant drop in retail trade due to Covid-19.

Compared with April 2020, the strongest growth in turnover was registered in the retail trade of information and communication material in specialized stores (by 57.1%), the retail trade of clothing, footwear and leather goods (45.9%) and retail trade in stalls or markets (44.8%).

Calendar-adjusted overall sales of Latvian retailers increased 19.4% at current prices compared to April 2020.

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