Latvia: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is -0.29 percent as of March 2025, an increase compared to the previous value of -0.78 percent. Historically, the average for Latvia from January 2001 to March 2025 is 3.59 percent. The minimum of -28.43 percent was recorded in September 2009, while the maximum of 24.64 percent was reached in October 2006.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Latvia: Retail sales Y-on-Y |
|---|---|
| 2025 Mar | -0.29 |
| 2025 Feb | -0.78 |
| 2025 Jan | 0.88 |
| 2024 Dec | 1.96 |
| 2024 Nov | 2.67 |
| 2024 Oct | 0.69 |
| 2024 Sep | 0.89 |
| 2024 Aug | 0.99 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -2.50 | 3/2025 | percent |
| Retail sales | 102.00 | 3/2025 | index points |
| Retail sales Y-on-Y | -0.29 | 3/2025 | percent |
| House price index | 253.02 | Q4/2024 | index points |
| Real residential property prices Y-on-Y change | 5.41 | Q4/2024 | percent |
| Business confidence survey | -2.16 | 2/2025 | points |
| Consumer confidence survey | -15.50 | 4/2025 | points |