30.12.202511:00:00UTC+00Latvian Retail Sales See Year-Over-Year Decline in November

The Latvian retail sector contracted in November 2025, a concerning sign for the country's economic trajectory. Data released on December 30, 2025, reveals that year-over-year retail sales growth dropped to 3.30% compared to the previous month's growth rate of 4.80% in October.

This decline highlights a slowing commercial atmosphere as the nation approaches the end of the year. Analysts note that while the overall trend remains positive with continued growth, the moderated pace suggests potential challenges ahead for retailers in the region. November's figure indicates that consumers have become more cautious, possibly due to external economic pressures or a shift in market dynamics.

As Latvia continues to navigate these changes within the retail landscape, stakeholders and policymakers will need to monitor upcoming data closely to assess potential impacts on the broader economy. The shift in retail momentum may call for strategic adjustments to stimulate consumer activity and maintain economic stability.