Latvia’s economic growth slowed for the third consecutive quarter during three months ended June, flash data from the Central Statistical Bureau showed Monday.
Gross domestic product grew 2.5 percent year-on-year in the second quarter, slower than the 2.8 percent rise a quarter ago.
Meanwhile, on a sequential basis, the economy expanded at a faster pace of 1 percent after rising 0.6 percent each in the previous two quarters.
The annual growth was affected by the 4 percent increase in retail sales, it said. Services and manufacturing stayed at the level of the second quarter of last year. Meanwhile, industry reported a decline of 1 percent.
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