Retail trade up from Covid lows, but not as strong as hoped

Monaco Life

Retail trade up from Covid lows, but not as strong as hoped

IMSEE’s Monthly Retail Trade Survey shows that the retail sector hit above average levels in May, but didn’t perform as well as anticipated in the month of June. Retail trade in the Principality has made huge strides in making a comeback since the darkest days of the pandemic. The entirety of 2020 saw retail hitting new lows, with the composite index falling to the lowest point in spring of that year. Since then, retail trade has steadily and s…