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Signs of recovery appear in European retail markets
European retail markets have largely absorbed the direct and indirect impacts of the price increases that are being driven by shortages of raw materials and higher energy costs and amplified by the ongoing war in Ukraine.
A positive trend was observed in six of the 15 E.U. countries in the Global Retail Attractiveness Index (GRAI) compared with the first quarter of 2022. In the other markets, losses were moderate, apart from a few exceptions in the Nordics.
GRAI measures the attractiveness of retail markets across a total of 20 countries in Europe, North America and the Asia Pacific region. An index value of 100 points represents average performance. The EU-15 index combines the indexes for the following E.U. countries, weighted according to their respective population size: Sweden, Finland, Denmark, Germany, France, Italy, Spain, Austria, the Netherlands, Belgium, Ireland, Portugal, Poland and the Czech Republic, plus the United Kingdom. The North America index compri