FX.co ★ Latvia’s Retail Sales Growth Accelerates to 7% Year-on-Year in July

Latvia’s retail sector gained further momentum in mid-summer, with retail sales rising 7.00% year-over-year in July 2026, according to the latest data updated on 28 August 2026. The pace of growth strengthened from 4.80% in June 2026, signaling a solid improvement in consumer activity.

Both the current and previous readings are calculated on a year-over-year basis, comparing each month’s performance with the same month a year earlier. The acceleration from June to July suggests that Latvian households increased their spending more robustly as summer progressed, providing a firmer underpinning to domestic demand.

The stronger July figure highlights a potentially improving trend for Latvia’s internal market, with rising retail turnover often viewed as an indicator of greater consumer confidence and resilience in household finances. Investors and policymakers will be watching upcoming monthly data to see whether this faster pace of growth is sustained into the autumn.