The growth of retail sales in Latvia experienced a notable deceleration in September 2025, according to the latest data updated on October 29, 2025. The year-over-year comparison indicates that retail sales grew at a rate of 2.6%, a decline from the previous month's figure of 4.3% recorded in August.
This slowdown in retail momentum may reflect various underlying economic challenges being faced by Latvia. Consumers appear to be exhibiting more caution, potentially responding to broader macroeconomic trends affecting spending power and consumer confidence.
As the retail sector navigates these dynamics, stakeholders will be watching closely to see if this softer growth trajectory continues into the remaining months of the year. Economists and market analysts are likely to keep an eye on upcoming data releases to assess the resilience of the Latvian consumer market in this fluctuating financial landscape.
