Analytics, Latvia, Markets and Companies, Retail

International Internet Magazine. Baltic States news & analytics Friday, 03.07.2020, 16:28

In April, retail trade turnover in Latvia fell by 9% y-o-y

Matīss Žuravļevs, Statistics Latvia, Riga, 28.05.2020.Print version
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to April 2019, in April 2020 total retail trade turnover reduced by 9.0%. Turnover of retail trade in food products declined by 3.5%. Retail trade in non-food products (except for retail sale of automotive fuel) decreased by 14.9%, but turnover of retail sale of automotive fuel – by 5.3%.

As compared to April 2019, the most notable turnover growth was registered in retail sale of electrical household appliances in specialised stores[1] (of 30.0%), retail sale via mail order houses or via Internet (25.1%) and retail trade in pharmaceutical and medical goods (3.2%). Most significant turnover drop was registered in retail sale of clothing, footwear and leather goods (of 56.5%) and retail sale in stalls or markets (46.0%) and retail sale of information and communication equipment in specialised stores (24.5%).




Total retail trade turnover at current prices decreased by 10.1% (not taking into account the calendar influence).


Compared to March, the total turnover of retail trade enterprises in April 2020 fell by 7.7%, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products declined by 6.9%. Retail trade in non-food products (except for retail sale of automotive fuel) reduced by 8.4%, but turnover of retail sale of automotive fuel – by 7.5%.


As compared to the previous month, the most notable turnover growth was registered in retail sale via mail order houses or via Internet (of 30.6%) and retail sale of electrical household appliances in specialised stores (10.9%). Most significant turnover drop was registered in retail sale in stalls or markets (of 30.7%), retail sale of clothing, footwear and leather goods (20.2%) and retail trade in pharmaceutical and medical goods (19.5%).


Compared to March, in April 2020 the total retail trade turnover at current prices (not taking into account seasonality) decreased by 8.4%.


Turnover indices of retail trade enterprises by main kind of economic activity (at constant prices)

 

April 2020 as%,

compared to:

March 2020 (seasonally adjusted)

April 2019 (calendar adjusted)

Retail trade – total

92.3

91.0

retail sale of food products, total

93.1

96.5

retail sale of non-food products, except for retail sale of automotive fuel, total

91.6

85.1

retail sale in non-specialised stores selling mainly non-food products

88.0

80.7

retail sale of information and communication equipment in specialised stores

81.8

75.5

retail sale of electrical household appliances in specialised stores

110.9

130.0

retail sale of hardware, instruments, construction materials and sanitary equipment

99.5

93.7

retail sale of cultural and recreation goods

98.0

82.9

retail trade in pharmaceutical and medical goods

80.5

103.2

retail sale of cosmetics and toiletries

84.1

82.4

retail sale of clothing, footwear and leather goods

79.8

43.5

retail sale in stalls or markets

69.3

54.0

retail sale via mail order houses or via Internet

130.6

125.1

retail sale of automotive fuel

92.5

94.7


More information on seasonally adjusted, calendar adjusted and non-adjusted retail trade turnover indices is available in the CSB database section “Trade and services”.


Data published might be revised in the following months if additional information will be obtained from stores.


[1] Accordingly methodology of the survey, data on the total net turnover of enterprises also include transactions carried out outside main activity. In some cases these transactions (for example, wholesale) may significantly affect turnover changes in the sector.






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