Lithuania's retail sector received a positive boost in February 2024 as the latest data revealed a significant turnaround from the previous month. In January 2024, the country experienced a sharp decline of 19.4% in retail sales, indicating a challenging economic environment. However, in February 2024, there was a notable improvement, with retail sales decreasing by only 2.5%, signaling a positive shift in consumer spending behavior.
The month-over-month comparison highlights the progress made in Lithuania's retail sector, as businesses and consumers adapt to changing market conditions. The data, updated on 28 March 2024, provides insight into the resilience of the economy and the potential for further recovery in the coming months. With this improvement in retail sales, Lithuania is positioning itself for economic stability and growth in the near future.
