Latvia's retail trade soared 15.6 percent from a year earlier in March 2021, following a 3.2 percent rise in the previous month. It was the highest gain in retail trade since June of 2007, as food, beverages & tobacco rebounded (6.9 percent vs -0.8 percent). In addition, sales advanced for both automative fuel (10.5 percent vs 1.2 percent) and non-food product sales (25.9 percent vs 9.1 percent in March), namely information & communication technology (57.1 percent vs -8.1 percent), clothing, footwear & leather goods (45.9 percent vs 33.5 percent), electrical household appliances (24.3 percent vs -1.3 percent), cosmetic and toilet articles (24.8 percent vs 1.6 percent), and retail sale via mail order houses or via internet ( 8.5 percent vs -12.6 percent). On a seasonally adjusted monthly basis, retail sales rose by 3.9 percent, compared to 6.9 percent in March. source: Central Statistical Bureau of Latvia
Retail Sales YoY in Latvia averaged 5.36 percent from 1999 until 2021, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.40 percent in December of 2009. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Retail Sales YoY in Latvia is expected to be 2.60 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 3.30 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 3.30 percent in 2022 and 4.20 percent in 2023, according to our econometric models.