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Monday, June 30, 2008

Latvian Retail Sales May 2008

Well the statistical anomalies produced by the ealy timing of easter now seem to be working themselves out, and the data are getting back towards normality, which means that Latvian retail sales (working day corrected) were down by 5.1% year on year in May, and by 2.4% (seasonally adjusted) over April. Nothing more to say on this really, other than to be continued....

While I am here, the EU Economic Sentiment Index for June has now been published, and here is the principal chart for the Baltic countries.

Latvia seems to have now overtaken Estonia on the downward charge, with Lithuania still some way behind, evn if it is catching up fast.

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