Retail Sales in Latvia

Latvia Retail Sales | Economic News & Forecasts

Latvia - Retail Sales

Growth sank to a near three-year low in the second quarter. On the domestic front, fixed investment growth nearly halved amid weaker inflows of EU funds. That said, the domestic economy was shielded by stronger private consumption growth amid a tighter labor market. Meanwhile, a slump in export growth amid the Eurozone’s broader slowdown, coupled with a jump in import growth, led to a deterioration in the external sector’s contribution to growth. Turning to Q3, incoming data has been mixed thus far. Unemployment fell to over a-decade-low in August, while retail sales surged in July, signaling that consumer demand metrics remained upbeat. Nonetheless, industrial output contracted in July, while the economic sentiment indicator hovered around July’s 30-month low in August pointing to frail business conditions.

Latvia - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)3.8  3.6  4.9  2.3  4.3  

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Latvia Retail Sales Chart


Latvia Retail
Note: Annual variation of real retail sales in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

ValueChangeDate
Bond Yield0.550.0 %Jun 30
Exchange Rate1.100.65 %Sep 04
Stock Market1,0250.17 %Sep 04

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