In a remarkable shift, Lithuania’s retail sales surged by 5.3% in July 2024, signaling a significant recovery from the -4.3% decline observed in June 2024. This data, updated on 28 August 2024, highlights a robust improvement in consumer spending following a challenging period.The month-over-month comparison reveals a stark contrast between the two periods. June’s decline had marked a period of reduced economic activity, but the resurgence in July suggests that consumer confidence has bounced back. The reasons behind this sharp increase are yet to be fully analyzed, but early indicators point towards successful economic measures and possibly a seasonal upswing in consumer behavior.Analysts will be closely watching these trends in the coming months to see if this positive momentum can be sustained and what underlying factors contributed to this unexpected growth in Lithuania’s retail sector.The material has been provided by InstaForex Company – www.instaforex.com
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