Lithuania Retail Sales Growth Slows In November

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Lithuania’s retail sales rose for the seventh month in a row in November, albeit at a softer pace, figures from the statistical office showed on Monday.

Retail sales, excluding VAT, increased a working-day adjusted 6.4 percent year-on-year in November, after a 8.4 percent rise in October.

Sales of non-food stores increased 13.1 percent annually in November and sales in specialized stores rose 6.1 percent.

Sales in non-specialized stores, and those of food, alcoholic beverages and tobacco increased by 4.3 percent, each.

On a month-on-month basis, retail sales fell 0.4 percent in November.

For the January to November period, retail sales rose by a working-day adjusted 2.9 percent from the same period of the previous year.

The material has been provided by InstaForex Company – www.instaforex.com

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