FX.co ★ Latvian Retail Sales Take a Turn: From Positive Growth to Decline in September

In a concerning turn of events, Latvia's retail sales trajectory has reversed significantly from August to September 2025. Recent statistics, updated on October 29, 2025, indicate a drop in retail sales by 0.70% in September, marking a notable downturn from the 1.00% growth experienced just a month prior.

This month-over-month comparison highlights a sizable shift in consumer behavior or economic conditions within the country over just a single month. In August, retail sales had showcased a positive momentum with a 1.00% increase from July, possibly buoyed by seasonal spending or other temporary factors. However, September's figures reveal a contraction, suggesting either a pullback in consumer spending or other underlying economic pressures affecting retail activity.

The sudden dip in the retail sales indicator could potentially reflect broader economic challenges or shifts in domestic market conditions. As stakeholders and policymakers assess these figures, it highlights the need for close monitoring of the economic landscape and consumer sentiment in the upcoming months to address or mitigate potential prolonged declines.