Fiscal Balance in Luxembourg
Luxembourg - Fiscal BalanceEconomic 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
|Fiscal Balance (% of GDP)||1.0||1.3||1.4||1.9||1.4|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||595||0.19 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 20, 2019
In July, the number of unemployed workers stood at 15,668, up 4.2% from June’s result, while the seasonally-adjusted unemployment rate remained stable at 5.5% from the previous months, to match that of the same month last year.
August 7, 2019
Consumer prices fell 0.7% month-on-month in July, the lowest print in six months, after a 0.1% downturn in June.
July 22, 2019
In June, the number of unemployed workers stood at 15,037, down 0.6% from May’s result, while the seasonally-adjusted unemployment rate remained stable at 5.5% to match that of the same month last year.
July 3, 2019
Consumer prices fell 0.1% month-on-month in June, contrasting May’s 0.3% upturn and largely reflecting lower oil prices.
June 21, 2019
Growth decelerated to 1.6% year-on-year in Q1, from Q4 2018’s revised 1.8% outturn (previously reported: +1.7% year-on-year).