Luxembourg Retail July 2022

Luxembourg

Luxembourg: Retail sales drop at sharpest pace since May 2020 in July

September 22, 2022

Retail sales dropped 3.6% year on year in July (June: -2.7% yoy). The result marked the worst reading since May 2020. Meanwhile, annual average growth of retail sales was steady coming in at June's 3.3% in July.

FocusEconomics Consensus Forecast panelists forecast private consumption to grow 3.3% in 2022, which is unchanged from last month’s forecast. In 2023, they see household spending increasing 2.2%.


Author:

Sample Report

Looking for forecasts related to Retail in Luxembourg? Download a sample report now.

Download

Luxembourg Retail Chart


Luxembourg Retail July 2022

Note: Year on year and annual average growth of retail sales in %.
Source: Statistical Office of Luxembourg (STATEC)


Luxembourg Economic News

More news

Search form