Analytics, Good for Business, Latvia, Markets and Companies, Retail

Compared to May 2015, in May 2016 the most significant turnover growth in the non-food product group was recorded in retail sale via mail order houses or via Internet (of 19.0%), in retail sale of clothing, footwear and leather goods (of 11.1%), in retail sale of automotive fuel (of 9.5%), and in retail sale of pharmaceutical and medical goods (of 8.0%). Whereas a drop in turnover was recorded in retail sale in stalls and markets (of 10.1%), in retail sale of hardware, paints and glass (of 6.2%), as well as in retail sale of information and communication equipment (of 1.9%).

Total retail trade turnover at current prices rose by 2.2% (not taking into account the calendar influence).

Retail trade turnover indices (as % over average monthly turnover of 2010, at constant prices)

Compared to April 2016, the total retail trade turnover in May 2016 grew by 0.9% (according to seasonally adjusted data at constant prices). Turnover of retail trade in food products increased by 0.6%, whereas the turnover of retail trade in non-food products grew by 0.9%.

Compared to April, turnover growth was recorded in retail sale of automotive fuel (of 6.0%), in retail sale via mail order houses or via Internet (of 5.3%), in retail sale of clothing, footwear and leather goods (of 4.6%), in retail sale of second-hand goods (of 4.1%), as well as in retail sale of books and stationery (of 2.9%).Whereas a drop in turnover was observed in retail sale of information and communication equipment (of 8.2%), in retail sale of cosmetics and toiletries (of 6.4%), in retail sale of electrical household appliances (of 3.0%), and in retail sale of hardware, paints and glass (of 1.2%).

Compared to April, the total retail trade turnover at current prices (not taking into account seasonality) rose by 4.6% in May. A year before – in May 2015, compared to April – the turnover increased by 3.8%.

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

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