GDP in Luxembourg
Luxembourg - GDPThe economy seems to be back on its feet after having nearly stalled in quarter-on-quarter terms in Q1. Households likely benefited from healthy credit growth, rising wages and a tightening labor market in the second quarter, which prompted consumer confidence to reach an all-time high in May. Although sentiment has cooled off since, and the unemployment rate inched up in July, overall dynamics remain supportive of growth. Elsewhere in the economy, business lending and sentiment remain at healthy levels, and the manufacturing capacity utilization rate in Q3 was only slightly below the five-year high recorded at the outset of the year, which points to sustained investment growth in the months to come.
Luxembourg - GDP Data
|Economic Growth (GDP, annual variation in %)||-0.4||4.0||5.6||4.0||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg GDP Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.19||-0.61 %||Sep 21|
|Stock Market||814||-1.34 %||Sep 21|
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