Industry in Luxembourg

Luxembourg Industry | Economic News & Forecasts

Luxembourg - Industry

After economic growth stabilized in the fourth quarter of last year, the economy likely lost some momentum in the first quarter. The war in Ukraine probably caused consumer sentiment to sour further, dropping to its lowest level since December 2008 in March. The conflict also sent consumer price inflation up as commodity prices skyrocketed, further denting household consumption in the period. On the other hand, industrial production firmed on an annual basis in January–February. Additionally, the labor market tightened and business confidence improved on average in the quarter, although the latter’s reading moderated markedly in March. Luxembourg’s economic structure, which is heavily reliant on the financial sector, should keep the impact of the war limited compared to other European nations.

Luxembourg - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-8.2  1.5  6.4  5.8  -4.4  

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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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