According to the latest data released on March 28, 2024, Latvian retail sales saw a positive uptick in February 2024 compared to the previous month. The previous indicator for January 2024 had shown a decline of -1.3%, but the current indicator for February 2024 rose to 0.6%, indicating a turnaround in consumer spending. This data reflects a month-over-month comparison, highlighting the improvement in retail sales within Latvia.
The increase in retail sales in February is a positive sign for the Latvian economy, indicating potential growth and consumer confidence. With the current indicator surpassing the previous month's performance, businesses in the retail sector may experience a boost in revenue. As the country continues to navigate economic changes, the rise in retail sales provides a glimmer of hope for a stronger economic outlook in the coming months.
