FX.co ★ Latvia Retail Sales Rise in May

Retail trade in Latvia grew by 3.3% year-on-year in May 2026, accelerating from a downwardly revised 2.5% increase in April. Sales rose for food products (2.9% vs 1.8% in April), non-specialized stores (3.0% vs 1.6%), and non-food products excluding automotive fuel (5.5% vs 2.8%). Within non-food categories, growth was driven by higher sales of electrical household appliances (5.7% vs 3.1%), internet and mail-order trade (12.3% vs 4.3%), hardware, paints, and glass (9.0% vs 5.3%), other household equipment (8.5% vs 3.7%), textiles, carpets, rugs, wall and floor coverings (11.3% vs 0.4%), and goods sold outside stores, stalls, or markets (10.9% vs 3.6%). In contrast, sales of automotive fuel declined (-2.1% vs +2.9%). On a seasonally adjusted monthly basis, retail sales edged down 0.1% in May, following a 0.4% decrease in April.