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.