According to the latest data released on 28 March 2024, Latvia's retail sales showed signs of improvement in February 2024 compared to the previous month. The current indicator for February 2024 displayed a decrease of -0.4%, a notable slowdown from the -1.2% decline seen in January 2024.
The comparison period for this data is year-over-year, meaning that the figures are compared to the same month a year ago. This indicates that despite the ongoing challenges in the retail sector, there is a slight improvement in the year-over-year performance of Latvian retail sales. Investors and analysts will be watching closely for further developments to assess the overall economic recovery in Latvia.
