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Country Report Lithuania Product Image

Country Report Lithuania

  • ID: 2138679
  • October 2014
  • Region: Lithuania
  • 25 Pages
  • The Economist Intelligence Unit

According to Statistics Lithuania, the volume of retail sales grew by 3.6% year on year (working-day adjusted) in August, down from 5.6% in July.

Year-on-year growth in retail sales was down from an average of 4.6% in the previous three months. It was primarily driven by sales of textiles, clothing and footwear, which were 16% higher year on year in August. Measured on a 12-month moving average basis, retail sales growth fell to 4.8%, a five-month low.

Retail sales growth so far in 2014 has been supported by an improving labour market. This helped to underpin growth of 4.6% in net monthly wages and salaries in the first half of the year-much higher than the meagre average increase of 0.2% in consumer prices-which boosted real disposable income.

Country Report Lithuania

Retail sales slowed in August
Event
Analysis
Impact on the forecast

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