Latvia’s retail sector lost momentum in August 2026, with year-over-year sales growth slowing to 3.50%, down from 7.00% in July, according to the latest data updated on 29 September 2026. Both figures compare each month’s performance against the same month a year earlier.
The sharp moderation suggests that the strong expansion seen in July was not sustained into late summer. While retail activity continued to grow in August, the halving of the growth rate may point to more cautious consumer spending or a normalization after a previously stronger period.
Market participants and policymakers will likely watch upcoming monthly data closely to determine whether August marks the start of a broader cooling trend in Latvian consumer demand or a one-off adjustment following July’s robust performance.
