Latest reading: Nominal retail sales rose 0.6% in seasonally adjusted month-on-month terms in August, stable from the previous month’s reading...
Retail Sales in Luxembourg
The Luxembourg economy recorded an average growth rate of -6.8% in retail sales over the decade to 2024, above Euro Area's average of 1.4%. In 2024, Luxembourg's retail sales growth was 16.1%.
Luxembourg Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Luxembourg from 2014 to 2024.
Source: Macrobond.
Luxembourg Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 0.7 | -3.7 | -2.8 | 7.5 | 16.1 |
Retail sales remain broadly stable in July
Latest reading: Retail sales were flat in month-on-month seasonally adjusted terms in July, which was above June's 0.2% decrease. On a seasonally and calendar-adjusted annual basis, retail sales rose at a more moderate pace of 3.2% in July (June: +4.4% yoy), the worst result since January. Meanwhile, annual average retail sales growth fell to 9.2% in July (June: +10.7%), signaling a worsening trend in the retail trade sector.
Consensus Forecasts and Projections for the next ten years
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 2 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
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United States: Retail sales growth beats market expectations in August -
Indonesia: Retail sales growth ebbs in August Latest reading: Retail sales expanded 2.7% compared to the same month a year earlier in August, which was a deterioration... -
United Kingdom: Retail sales growth speeds up in July Latest reading: Retail sales increased 0.6% month-on-month in seasonally adjusted terms in July (June: +0.3% mom), beating market expectations. However,... -
Switzerland: Retail sales dip in July Latest reading: Retail sales declined 0.5% in month-on-month seasonally adjusted terms in July, which contrasted June’s 1.9% increase. Looking at... -
Hong Kong: Retail sales bounce back in July Latest reading: Retail sales rose 1.0% in year-on-year terms in July, which contrasted June’s 0.3% decrease. Looking at the details... -
Spain: Retail sales contracts at sharpest pace since January in July Latest reading: Retail sales fell 0.4% month-on-month in seasonally adjusted terms in July (June: +1.2% mom s.a.). The result marked... -
Poland: Retail sales growth gains steam in July Latest reading: Retail sales expanded 5.0% in year-on-year terms in July, which was above June’s 2.2% increase and market expectations...