Luxembourg: Retail sales deteriorates in April
Latest reading: Retail sales slid 0.2% in month-on-month seasonally adjusted terms in April, dropping from March’s 4.1% increase.
On an annual basis, retail sales fell at a more pronounced rate of 3.6% in April (March: -2.7% yoy). Accordingly, annual average retail sales growth fell to 9.4% in April (March: +11.1%), signaling a worsening trend in the retail trade sector.