Cityscape in Luxembourg

Luxembourg Retail November 2021

Luxembourg: Retail sales expand at quickest pace since May in November

Retail sales grew 3.3% year-on-year in November (October: +0.3% yoy). November’s print marked the best result since May and came on the back of surging fuel sales. Food sales contracted at a softer rate in November, while sales of household equipment contracted at a stronger pace.

Meanwhile, the trend improved, with the annual average growth of retail sales coming in at 6.9% in November, up from October’s 6.5% reading.

Analysts at the EIU added:

“Double-digit year-on-year increases in energy prices are likely to continue throughout the winter, feeding into consumer price inflation and weighing on purchasing power.”

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