Luxembourg: Retail sales improves in June
Latest reading: Retail sales fell 0.2% in month-on-month seasonally and calendar-adjusted terms in June, which was a smaller contraction than May’s 1.1% decrease.
On an annual basis, retail sales rose at a more moderate pace of 4.6% in June (May: +7.2% yoy), the worst result since January. Meanwhile, annual average retail sales growth fell to 11.0% in June (May: +12.0%), which marked an over one-year low.