RIGA - Retail trade turnover in the second quarter this year, calculated according to seasonally adjusted data at constant prices, increased 1.7 percent from the first quarter, including a 1.7 percent increase in retail trade of food products and a 3.4 percent rise in retail trade of non-food products, according to Latvia’s Central Statistical Bureau’s data, reports Nozare.lv. Compared to the second quarter of 2009, retail trade turnover contracted 6 percent, according to working day adjusted data. Retail trade of food products decreased by 8.9 percent, whereas retail trade of non-food products fell 4.4 percent.
Compared to this past May, retail trade turnover in June remained unchanged. Retail trade of food products slightly decreased, by 0.7 percent, whereas retail trade of non-food products increased by 0.4 percent.
Compared to June 2009, retail trade turnover in June this year decreased by 3.1 percent. The most notable decrease was recorded in the food product group - down by 7 percent - while retail trade of non-food products dropped by 0.8 percent.
Latvia was reporting the fastest retail trade turnover growth in the EU for most of 2007, which was followed by slower growth and, in 2008, a steep decrease in retail trade volume.