Cityscape in Luxembourg

Luxembourg Retail June 2022

Luxembourg: Retail sales record largest drop in two years in June

Retail sales nosedived 9.9% in year-on-year terms in June, which contrasted May’s 0.2% increase. June’s outturn marked the worst reading since April 2020.

Meanwhile, annual average retail sales growth fell to 2.5% in June (May: +3.8%). This signals a worsening trend in the retail trade sector.

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