2026.06.3010:00:00UTC+00Latvia’s Retail Sales Growth Quickens to 3.3% in May, Extending Year‑on‑Year Gains

Latvia’s retail sector continued to strengthen in May 2026, with year‑on‑year sales growth accelerating to 3.30%, up from 2.60% in April 2026. The latest figures, updated on 30 June 2026, indicate a steady improvement in consumer activity compared with the same period a year earlier.

The data are measured on a year‑over‑year basis, meaning May’s reading reflects the change in retail sales relative to May of the previous year, while April’s figure compares sales in April 2026 with those in April 2025. The pickup from April to May suggests that momentum in household spending is gaining pace as spring progresses, potentially offering support to Latvia’s broader economic outlook.

With back‑to‑back positive annual readings and an improving growth rate, retailers in Latvia may be seeing firmer demand conditions, although the data alone do not indicate the drivers behind the trend. Further monthly releases will be watched for signs of whether this acceleration in retail activity can be sustained into the second half of 2026.