Retail Sales in Luxembourg

Luxembourg Retail Sales | Economic News & Forecasts

Luxembourg - Retail Sales

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.

FocusEconomics Consensus Forecast panelists forecast private consumption to grow 3.1% in 2022, which is down 0.5 percentage points from last month’s forecast. In 2023, they see household spending increasing 2.7%.

Luxembourg - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)-30.7  -52.7  -23.1  3.6  4.4  

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Luxembourg Retail Sales Chart

Luxembourg Retail
Note: Annual variation of retail sales in %.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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