Luxembourg: Retail sales gain steam in October
Retail sales expanded 3.1% in year-on-year terms in October, which contrasted September’s 0.6% decrease.
On a seasonally adjusted monthly basis, retail sales rebounded, rising 0.3% in October (September: -1.4% mom). Meanwhile, the trend improved slightly, with the annual average growth of retail sales coming in at 4.2% in October, up from September’s 4.0%.