Latvia's retail sector faced a significant downturn in April 2024, with sales plummeting by 3.3% compared to the previous month. This stark decline follows a relatively stable March, where retail sales had shown a modest increase of 1.00%.
The data, updated on May 29, 2024, highlights a worrisome trend for Latvia's economy. The April figures contrast sharply with the positive growth observed in March, providing a month-over-month comparison that paints a picture of volatility in consumer spending.
Economists and market analysts will be closely monitoring the subsequent months to determine whether this drop is an anomaly or indicative of a deeper, more persistent issue within Latvia's retail landscape.
