Lithuania retail sales plunge, cars worst hit

Newswire

VILNIUS, March 27 (Reuters) - Lithuania's retail sales dropped 32 percent year-on-year in February, the biggest fall since 2001 when comparable data collection started, the statistics office said on Friday. Domestic demand has fallen rapidly after credit flows from the banks dried up and unemployment rose as the economy slid into recession after years of strong growth. Retail trade in vehicles took the biggest hit with volumes falling 58 percent year-on-year in February. Excluding ...

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