Luxembourg: Retail sales remain broadly stable in July
Latest reading: Retail sales were flat in month-on-month seasonally adjusted terms in July, which was above June’s 0.2% decrease.
On a seasonally and calendar-adjusted annual basis, retail sales rose at a more moderate pace of 3.2% in July (June: +4.4% yoy), the worst result since January. Meanwhile, annual average retail sales growth fell to 9.2% in July (June: +10.7%), signaling a worsening trend in the retail trade sector.