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Financial News: Latvia Retail Sales Growth Eases In December

Latvia Retail Sales Growth Eases In December

01/30/2017 - 06:50:00 (RTTNews)

(RTTNews) - Latvia's retail sales growth eased at the end of the year, after accelerating sharply in the previous month, figures from the Central Statistical Bureau showed Monday.

Retail sales rose a calendar-adjusted 2.0 percent year-over-year in December, much slower than November's 4.5 percent climb. The rate of increase in November was the fastest since October 2015.

Turnover of retail trade in non-food products expanded 7.2 percent annually in December, while those of food products declined by 6.3 percent.

Month-on-month, retail sales dropped a seasonally adjusted 1.3 percent from November, when it gained by 0.5 percent.

For the whole year 2016, total retail trade advanced 1.9 percent as compared to 2015.

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