FX.co ★ Latvia Retail Sales Rebound In July

Latvia's retail sales increased slightly in July, after falling in the previous month, figures from the Central Statistical Bureau showed on Monday.

Retail sales rose a calendar-adjusted 0.5 percent year-over-year in July, reversing a 0.7 percent decline in June, which was the first fall in seven months.

Turnover of retail trade in non-food products, except for retail sales of automotive fuels, grew 3.4 percent yearly in July and those of food products increased 1.7 percent.

Meanwhile, sales of automotive fuel registered a fall of 8.4 percent and retail sales via mail order houses or via internet dropped sharply by 10.8 percent.

On a monthly basis, the seasonally adjusted retail sales declined at a steady rate of 0.4 percent in July.