Industry in Luxembourg

Luxembourg Industry | Economic News & Forecasts

Luxembourg - Industry

The economy slowed slightly in the third quarter of 2019, after growth accelerated to a one-year high in the second quarter. The third-quarter moderation was largely driven by weaker household consumption growth amid downbeat consumer sentiment. In more positive news, public expenditure growth gathered pace and fixed investment rebounded from Q2’s contraction. Moreover, on the external front, export growth sped up, thus defying the subdued international trading environment and marking the quickest expansion in over a year and a half. Turning to the fourth quarter, available data suggests economic momentum tapered further: Business sentiment deteriorated in Q4 from Q3, while pessimism among consumers deepened, hinting that household and capital spending likely faltered in Q4.

Luxembourg - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)-2.7  -8.2  1.5  6.4  5.8  

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Luxembourg Industry Chart

Luxembourg Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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