Analytics, Latvia, Markets and Companies, Retail

International Internet Magazine. Baltic States news & analytics Saturday, 04.07.2020, 05:15

In May, annual retail trade in Latvia fell by 0.6%, monthly grew by 7.8%

Matīss Žuravļevs , Statistics Latvia, Riga, 29.06.2020.Print version
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to May 2019, in May 2020 total retail trade turnover reduced by 0.6%. Turnover of retail trade in food products grew by 1.6%. Retail trade in non-food products (except for retail sale of automotive fuel) decreased by 3.9%, but turnover of retail sale of automotive fuel – increased by 3.3%.

As compared to May 2019, the most notable turnover growth was registered in retail sale of electrical household appliances in specialised stores (of 25.0%), retail sale via mail order houses or via Internet (16.5%) and retail sale in non-specialised stores selling mainly non-food products (7.3%). Most significant turnover drop was registered in retail sale in stalls or markets (of 34.2%), retail sale of clothing, footwear and leather goods (27.8%) and retail sale of information and communication equipment in specialised stores (6.3%).


Total retail trade turnover at current prices decreased by 4.7% (not taking into account the calendar influence).




Compared to April, in May 2020, the total turnover of retail trade enterprises rose by 7.8%, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products grew by 2.8%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 13.4%, but turnover of retail sale of automotive fuel – by 5.4%.


As compared to the previous month, significant turnover increase was registered in retail sale of clothing, footwear and leather goods (of 73.9%), retail sale of information and communication equipment in specialised stores (31.8%) and retail sale in non-specialised stores selling mainly non-food products (31.1%). The most notable turnover drop was registered in retail sale via mail order houses or via Internet (of 7.1%) and retail sale of electrical household appliances in specialised stores (4.7%).

Compared to April, in May 2020 the total retail trade turnover at current prices (not taking into account seasonality) increased by 11.7%.


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

 

May 2020 as %,

compared to:

April 2020 (seasonally adjusted)

May 2019 (calendar adjusted)

Retail trade – total

107.8

99.4

retail sale of food products, total

102.8

101.6

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

113.4

96.1

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

131.1

107.3

retail sale of information and communication equipment in specialised stores

131.8

93.7

retail sale of electrical household appliances in specialised stores

95.3

125.0

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

102.2

98.7

retail sale of cultural and recreation goods

114.8

101.3

retail trade in pharmaceutical and medical goods

101.5

98.9

retail sale of cosmetics and toiletries

117.6

96.8

retail sale of clothing, footwear and leather goods

173.9

72.2

retail sale in stalls or markets

116.4

65.8

retail sale via mail order houses or via Internet

92.9

116.5

retail sale of automotive fuel

105.4

103.3

As compared to April, turnover increase in some sectors was affected by decision as of May 12 to lift restriction that prohibits shopping centres to work at weekends and holidays. 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.






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