Retail sales in Latvia increased 1.2 percent year-on-year in May 2019, following a downwardly revised 6.3 percent gain in the prior month. It was the slowest rise in retail trade since January, as sales fell for food products (-0.5 percent vs 6.6 percent in April) and automotive fuel (-2.8 percent vs 4.8 percent) while those went up at a softer pace for non-food products (2.1 percent vs 6.2 percent). On a seasonally adjusted monthly basis, retail trade dropped 1.1 percent, after a 0.8 percent increase in April. Retail Sales YoY in Latvia averaged 5.74 percent from 1999 until 2019, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.50 percent in December of 2009.

Retail Sales YoY in Latvia is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Latvia to stand at 3.10 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.

Latvia Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 11:00 AM Retail Sales YoY Feb 5.9% 1.2% 2.3%
2019-04-30 10:00 AM Retail Sales YoY Mar 4.3% 5.7% 3.2%
2019-05-30 10:00 AM Retail Sales YoY Apr 7% 4.4% 6.8%
2019-06-28 10:00 AM Retail Sales YoY May 1.2% 6.3%
2019-07-30 10:00 AM Retail Sales YoY Jun 1.2% 3.3%
2019-08-30 10:00 AM Retail Sales YoY Jul
2019-09-30 10:00 AM Retail Sales YoY Aug


Latvia Consumer Last Previous Highest Lowest Unit
Consumer Confidence -4.50 -5.90 0.20 -54.30 Index Points [+]
Retail Sales MoM -1.10 0.80 10.40 -9.20 percent [+]
Retail Sales YoY 1.20 6.30 60.60 -28.50 percent [+]
Consumer Spending 3482523.00 3668602.00 3928270.00 1286274.00 EUR Thousand [+]
Personal Savings 3.25 5.18 13.61 -8.47 percent [+]
Consumer Credit 509.00 517.20 1138.00 161.80 EUR Million [+]
Bank Lending Rate 3.48 3.30 9.99 3.20 percent [+]
Economic Optimism Index 104.10 105.10 115.30 69.30 [+]
Gasoline Prices 1.46 1.47 1.86 0.41 USD/Liter [+]
Households Debt To Income 35.94 37.56 74.05 8.55 percent [+]


Latvia Retail Sales YoY

In Latvia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 6.30 60.60 -28.50 1999 - 2019 percent Monthly
Constant Prices, WDA




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