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Lithuania Retail Sales Growth Slows

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Lithuania’s retail sales growth eased to the lowest in three months in February, figures from the statistical office showed on Monday.

Retail sales, excluding VAT, increased a working-day adjusted 12.7 percent year-on-year in February, after an 18.1 percent growth in January.

The latest retail sales growth was the lowest since November last year, when sales was 10.4 percent.

Sales of non-food stores grew 31.8 percent annually in February and those in specialized stores rose 11.7 percent.

Sales in non-specialized stores and those of food, alcoholic beverages and tobacco decreased 5.3 percent and 4.9 percent, respectively.

On a month-on-month basis, retail sales rose a seasonally adjusted 0.4 percent in February.

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