Luxembourg: Retail sales growth improves in May
Retail sales rebounded 1.7% in May on a seasonally and calendar-adjusted month-on-month basis, improving from April’s 4.0% decline. Meanwhile, annual average retail sales growth rose to 9.9% in May (April: +9.7%), signaling an improving trend in the retail trade sector.
Meanwhile, retail sales increased 10.4% year on year in May (April: +9.4% yoy).