The reading marks a slowdown on the 9.8% expansion seen the previous month, but is nonetheless robust and keeps shop turnover firmly on the growth track that began in 2015.
The reading is well below the gain of 8.4% registered in the first month of the year, but despite the slowdown, shows that growth remains solid.
The reading marks a sharp slow down on the 9.6% expansion recorded in January, but remains a good result.
Poland's consumer price index grew 2.2% y/y in February, adding 0.4pp to the January reading, statistics office GUS announced on March 14.
Slovak industrial production continued its recovery at the start of 2017, as output grew 7.6% y/y in January, the statistics office reported on March 13.
The Lithuanian consumer price index (CPI) grew 3% y/y in February, accelerating on the 2.3% annual growth recorded the previous month, Statistics Lithuania announced on March 8.
Latvia's consumer price index (CPI) climbed 3.3% y/y in February, data released by the Central Statistical Bureau (CSB) on March 8 showed.
The reading adds as many as 0.7pp to the strong growth recorded in January, putting CPI at its highest since July 2013. As in many other economies in the region, the gain is being driven by fast-expanding prices of motor fuel and food.
Latvia's calendar-adjusted industrial production grew 4.7% y/y in December, slowing from an expansion of 11.5% the previous month, the Central Statistical Bureau (CSB) reported on March 6.
The data shows that consumption remained largely alone as the driver of economic expansion in the fourth quarter.
The economy added 0.5pp to the growth it recorded in 2015, with further expansion on the cards for this year and the next.
The Latvian economy grew 2% in unadjusted terms last year, the Baltic state’s Central Statistical Bureau (CSB) reported on February 28. The reading is an upward adjustment from the 1.6% growth estimated in a flash in late January.
Latvian retail sales grew a calendar adjusted 3.7% y/y in January, picking up speed from a 2% expansion the previous month, data from the Central Statistical Bureau (CSB) showed on February 28.
The reading marks a clear acceleration on the 6.6% expansion seen the previous month, and keeps shop turnover firmly on the growth track that began in 2015.
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