Retail Sales in Luxembourg
Luxembourg's economy recorded an average retail sales growth rate of -8.3% in the decade to 2022, which fell short of the Euro Area's 1.6% average. In 2022, Luxembourg's retail sales growth rate was 1.9%.
Luxembourg Retail Chart
Luxembourg Retail Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Retail Sales (ann. var. %) | 3.2 | 4.5 | -1.9 | 9.4 | 1.9 |
Retail sales contract at sharpest rate in 18 months in December
On a non-seasonally adjusted basis, retail sales dropped 3.1% year on year in December (November: +2.2% yoy). December's outturn marked the worst reading since June 2022. On a seasonally adjusted monthly basis, retail sales fell at a sharper rate of 3.1% in December (November: -1.6% mom), the worst result since November 2020. Meanwhile, the trend pointed down, with annual average growth in retail sales coming in at 3.8% in December, down from November's 4.6%.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Luxembourg retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Luxembourg retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Luxembourg retail projections.
Want to get access to the full dataset of Luxembourg retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
-
Retail sales increased 0.1% in month-on-month seasonally adjusted terms in March, which followed February’s 0.1% increase and was below market...
-
Indonesia: Retail sales growth eases in March
Retail sales expanded 3.5% year on year in March (February: +6.4% yoy). The figure was partly due to a deterioration... -
Spain: Retail sales growth improves in February
Retail sales rose 2.2% in year-on-year terms in February, which was above January’s 1.9% increase. Looking at the details of... -
United States: Retail sales growth ebbs in March but beats expectations
Retail sales grew 0.7% in month-on-month seasonally adjusted terms in March, which was a deterioration from February’s 0.9% increase but... -
Australia: Retail sales growth falls to 10-month low in February
Retail sales expanded 0.3% in month-on-month seasonally adjusted terms in February, which was a deterioration from January’s 1.1% increase. The... -
Hong Kong: Retail sales rebound in February, but remain downbeat
Retail sales grew 0.5% year on year in February (January: -1.2% yoy). Looking at the details of the release, fuel... -
Switzerland: Retail sales record largest decrease in 10 months in February
Retail sales declined 0.1% in month-on-month seasonally adjusted terms in February, which contrasted January’s 0.8% increase. The reading was driven...