Luxembourg: Retail sales rebound in August
Latest reading: Retail sales increased 5.3% month-on-month in seasonally adjusted terms in August (July: -6.0% mom). The figure marked the best reading since December 2022.
On an annual basis, retail sales grew 17.3% in August, significantly above July’s 10.0% expansion. Meanwhile, annual average retail sales growth rose to 13.3% in August (July: +12.5%). This signals an improving trend in the retail trade sector.