Retail Sales in Latvia
Latvia - Retail SalesGrowth 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
|Retail Sales (annual variation in %)||3.8||3.6||4.9||2.3||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Latvia Retail Sales Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||1,025||0.17 %||Sep 04|
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October 9, 2019
Consumer prices ticked up 0.1% from the previous month in September, down slightly from August’s 0.2% drop.
October 4, 2019
Industrial production rose 2.0% in annual working-day adjusted terms in August, rebounding from July’s 1.3% dip.
September 9, 2019
Consumer prices ticked up 0.2% from the previous month in August, contrasting July’s 1.0% drop, which had marked the strongest monthly contraction since July 2015.
September 3, 2019
Industrial production fell 1.3% in annual working-day adjusted terms in July, contrasting June’s robust 4.4% increase.
August 12, 2019
Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.