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Financial News: Latvia Retail Sales Rebound In July

Latvia Retail Sales Rebound In July

08/29/2022 - 09:14:00 (RTTNews)

(RTTNews) - Latvia's retail sales increased slightly in July, after falling in the previous month, figures from the Central Statistical Bureau showed on Monday.

Retail sales rose a calendar-adjusted 0.5 percent year-over-year in July, reversing a 0.7 percent decline in June, which was the first fall in seven months.

Turnover of retail trade in non-food products, except for retail sales of automotive fuels, grew 3.4 percent yearly in July and those of food products increased 1.7 percent.

Meanwhile, sales of automotive fuel registered a fall of 8.4 percent and retail sales via mail order houses or via internet dropped sharply by 10.8 percent.

On a monthly basis, the seasonally adjusted retail sales declined at a steady rate of 0.4 percent in July.

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