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Retail Attractiveness Index: Recovery of European retail markets gains breadth
Research - SEPTEMBER 7, 2023

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Retail Attractiveness Index: Recovery of European retail markets gains breadth

by Released

As early as first quarter 2023, Union Investment’s Global Retail Attractiveness Index (GRAI) showed tentative signs of recovery in individual European retail markets. This recovery gained strength and breadth in the second quarter. After the trend pointed upward in the first quarter for six of the 15 European countries included in the GRAI, 11 countries posted year-on-year gains in the second quarter. The increases were particularly significant in the United Kingdom, Poland, Spain and Italy, with increases of 9 points and 10 points. Within a year, the Retail Index for Europe has risen by almost 6 points to a good level of 113 points.

“In addition to the positive trends in the labor market and retail sales that have been evident for some time, the rise in consumer sentiment in most European countries now also gives us reason to hope that the recovery will continue across the board and that markets will return to their pre-pandemic attractiveness levels,” said Roman Müll

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