Cityscape in Luxembourg

Luxembourg Retail May 2022

Luxembourg: Retail sales fall at sharpest rate since July 2021 in May

Retail sales fell 2.5% year on year in May (April: +0.7% yoy). The fall came on the back of a broad-based deterioration across all subcomponents. Looking at the details of the release, a drop in food, beverages and tobacco sales were key drivers behind the contraction.

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