Luxembourg: Retail sales notch quickest growth since February in October
Latest reading: Retail sales grew 2.4% month-on-month in seasonally adjusted terms in October (September: -1.6% mom s.a.). The result marked the best reading since February.
On an annual basis, retail sales rose at a quicker rate of 15.4% in October (September: +14.5% yoy). Accordingly, the trend improved, with the annual average growth of retail sales coming in at 15.5%, up from September’s 15.0%.