Retail Business Cycle Report
Once a quarter, the Retail Business Cycle Report compiles key economic information for the retail trade and trade as a whole. Ongoing economic monitoring and reporting is highly relevant to provide retailers and the interested public with up-to-date data and analyses. The current report shows that the cooling of the international and domestic economy is also reflected in the retail trade sector. Business was noticeably subdued in April and May 2023. Sales were particularly weak in the non-food sector. Sentiment indicators for retailers also deteriorated recently. Continuing high price increases weighed on private consumption. Despite a slight improvement, leading indicators show a rather sceptical mood among consumers.