Compared to June 2016, total retail trade turnover rose by 3.1% in June 2017. Turnover of retail trade for food products increased by 1% and turnover of non-food products grew by 4.7%.
The most significant growth in turnover in the non-food product group was recorded in retail sale of cultural and recreation goods (by 23.7%), retail sale of information and communication equipment (by 19.8%), retail sale of clothing and footwear (by 14%) and in retail sale of hardware, paints and glass (by 9.5%). In turn, a drop in turnover was experienced in retail sale of pharmaceutical and medical goods (by 3%), as well as in retail sale of automotive fuel (by 2.2%), according to data from the Central Statistical Bureau of Latvia.
Total retail trade turnover at current prices increased by 6.2% (not taking into account the calendar influence).
In June compared to May retail trade turnover decreased by 0.7% (according to seasonally adjusted data at constant prices). Turnover of retail trade in food products dropped by 0.8%, while turnover of retail trade in non-food products decreased by 0.6%.
A drop in turnover was experienced in retail sale of information and communication equipment (by 3.9%), retail sale of automotive fuel (by 3.6%), retail sale of pharmaceutical and medical goods (by 1.9%) and in retail sale via mail order houses or via Internet (by 1.8%). In turn, growth in turnover could be observed in retail sale of clothing and footwear (by 6.2%), retail sale of cultural and recreation goods (by 5.1%), as well as in retail sale via stalls and markets (by 3.4%).
Compared to May, the total retail trade turnover at current prices rose by 0.4% in June. (BNN/Business World Magazine)
