Latvia’s retail sales growth accelerated for the second straight month in February, figures from the Central Statistical Bureau showed Monday.
Retail sales surged a calender adjusted 9.3 percent year-over-year in February, faster than January’s 7.2 percent climb. The latest rate of growth was the highest since April 2014, when sales climbed 10.5 percent.
Sales of food products grew 6.2 percent annually in February and non-food products sales advanced by 11.3 percent. Retail sale of automotive fuel alone jumped by 24.7 percent.
On a monthly basis, retail sales rose at a slower pace of 1.2 percent in February, following a 1.9 percent gain in January. It was the second successive monthly increase.
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