In January, retail trade turnover increased by 1.8 %

29.02.2016

Data compiled by the Central Statistical Bureau (CSB) show that, compared to December 2015, in January 2016  total retail trade turnover increased by 1.8 %. Compared to January 2015, the turnover has went up by 3.0 %.

Monthly changes

Compared to December 2015, in January 2016 total retail trade turnover increased by 1.8 % (according to seasonally adjusted data at constant prices). Retail trade in food products declined by 0.3 %, whereas turnover of non-food products rose by 2.7 %.

Compared to December, in January total retail trade turnover (at current prices) decreased by 20.4 %, not taking into account seasonality. A year ago – in January 2015, compared to December – the turnover reduced by 19.9 %.

Compared to the previous month, rise in the retail trade turnover was recorded in all largest sub-sectors. The most notable turnover increase was observed in retail sale of pharmaceutical and medical goods (of 7.7 %).

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

Annual changes

Compared to January 2015, in January 2016 total retail trade turnover increased by 3.0 % (according to calendar adjusted data at constant prices). Rise in food commodity group comprised 1.1 %, whereas in non-food commodity group there was an increase of 4.4 %, of which in retail sale of automotive fuel – a decrease of 0.3 %.

Total retail trade turnover at current prices rose by 0.9 % (not taking into account the calendar influence).

Changes in turnover of retail trade enterprises (as per cent of the corresponding month of the previous year, calendar adjusted data at constant prices)

Compared to the corresponding period of 2015, in January 2016 the most notable turnover growth was recorded in retail sale of information and communication equipment in specialised stores (of 19.9 %), in retail sale of clothing, footwear and leather goods in specialised stores (of 17.9 %), and in retail sale of pharmaceutical and medical goods (of 5.7 %).

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

 

January 2016 (%) over

December 2015 (seasonally adjusted)

January 2015 (calendar adjusted)

Retail trade - total

101.8

103.0

 

retail sale of food products, total

99.7

101.1

 

retail sale of non-food products, total

102.7

104.4

 

 

retail trade in non-specialised stores selling mainly non-food

103.3

98.7

 

 

retail sale of information and communication equipment in specialised stores

103.2

119.9

 

 

retail sale of hardware, paints and glass

100.3

100.4

 

 

retail sale of cultural and recreation goods

104.0

99.9

 

 

retail sale of clothing, footwear and leather goods

105.5

117.9

 

 

retail sale of pharmaceutical and medical goods

107.7

105.7

 

 

retail sale of automotive fuel

103.5

99.7

More information on seasonally adjusted, calendar adjusted and non-adjusted retail trade turnover indices is available in the CSB database section Trade and Services.  The CSB informs that starting from 2016 the breakdown of retail trade enterprises by the Statistical Classification of Economic Activities (NACE Rev.2) in the database has been changed.

Changes in methodology

Starting from this period, the data on retail trade turnover are seasonally and calendar adjusted with software JDemetra+. When moving to the software JDemetra+, CSB will not change the time series seasonal adjustment methodology used till now. Still the TRAMO/SEATS method for data adjustments and calendar of national holidays in Latvia will be used; moreover, as new data are added to time series, the whole seasonally adjusted time series will be recalculated.  More information on the data calculation methodology is available in CSB website section Key indicators – Trade and Services, subsection Metadata.

 

Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Tel.: +371 67366924, +371 67366621, +371 27880666
www.twitter.com/CSB_Latvia
www.facebook.com/csplatvija

 

More information:
Tatjana Ballode
Trade and Services Statistics Section
E-mail: Tatjana [dot] Ballode [at] csb [dot] gov [dot] lv
Tel.: + 371 67366726