Economy & Politics

Shopping in Luxembourg is on the rise again

According to Eurostat, the trade sector jumped by almost 29% during the month of May 2020. No doubt: the gradual lifting of containment measures was marked by an increase in consumption.

Eddy RENAULD

Eddy RENAULD

According to Eurostat, the trade sector jumped by almost 29% during the month of May 2020. No doubt: the gradual lifting of containment measures was marked by an increase in consumption.

Between April and May 2020, the volume of retail sales will have increased by 16.4% in the European Union according to the last report published earlier this week by Eurostat. The gradual deconfinement of Europe has therefore directly influenced the number of transactions within the different states.

And Luxembourg is not to be outdone. Thus, according to the EU statistical office, the Grand Duchy has even the strongest increase with + 28.6% ahead of France (+ 25.6%) and Austria (+ 23.3%).


Report on store opening hours, photo: Caroline Martin

As a direct result of the confinement put in place all over Europe, the activity recorded in April within the EU fell sharply, Eurostat said on Thursday. Luxembourg is no exception to this slump and posted one of the most significant falls, with a decline of almost 25%.


At EU level, it is mainly fuels (+ 31.9%) as well as non-food products (+ 30.2%) including household appliances and furniture, which are marked by this rise. Note also the tremendous boom in purchases of textiles, clothing and footwear: + 130.7% between April and May. To believe that some have made up for lost time in the shops …

The reopening of stores is obviously not unrelated to this increase in consumption, as is that of bars and restaurants. “People have regained the desire to buy and their morale has increased, they are more optimistic about household finances”, estimates the Banque centrale du Luxembourg as reported by the Luxembourg Times.

If the trend is upward for Luxembourg in comparison with the figures from last month, the situation is more problematic if we refer to the data from twelve months ago. With a fall for the Grand Duchy of -19.7% over one year.

According to Eurostat, the largest decreases in the volume of retail trade sales were recorded in Bulgaria (-20.4%), in Luxembourg therefore and in Spain (-17.9%) while the general EU average is -4.2%. In contrast, the most marked increases were observed in Germany (+ 7.2%), Denmark (+ 6.6%) and Austria (+ 4.8%).

As an indication, between May 2019 and May 2020, the volume of sales in the euro zone decreased by 24.3% for fuels and by 6.9% for non-food products. On the other hand, purchases in the food, beverage and tobacco sector increased by 4.9%.


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