Fiscal Balance in Luxembourg

Luxembourg Fiscal Balance | Economic News & Forecasts

Luxembourg - Fiscal Balance

Economic activity likely sustained its momentum in the second quarter, following a broad-based deceleration in the first quarter amid a wider European pullback. Household spending got off to a strong start in Q2, with retail sales growth in April nearly doubling Q1’s average. Moreover, consumer sentiment turned positive in the quarter while employment picked up. On the external front, exports grew faster in April–May than in Q1, on average, despite the Eurozone slowdown. That said, business confidence sank deeper into negative territory in Q2 on souring expectations within the industrial sector, which likely weighed on capital spending. Turning to the third quarter, business sentiment remained deeply entrenched in negative territory in July, while consumer sentiment turned slightly more pessimistic in the same month, signaling tougher times ahead.

Luxembourg - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.0  1.3  1.4  1.9  1.4  

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Luxembourg Facts

ValueChangeDate
Exchange Rate1.100.65 %Sep 04
Stock Market5950.19 %Sep 04

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