Industry in Luxembourg

Luxembourg Industry | Economic News & Forecasts

Luxembourg - Industry

The economy likely lost steam in the opening quarter of the year amid the fallout from the war in Ukraine. Consumer sentiment soured as inflation ballooned on the back of higher energy and raw material costs. Household spending is likely to have been dented as a consequence, despite falling unemployment. Turning to Q2, consumer sentiment remained deeply pessimistic in April, while harmonized inflation rose to an all-time high. More positively, business sentiment returned to optimism in April, albeit timidly, likely supported by limited direct exposure to Russia and Ukraine. Meanwhile, the European Commission recently noted the sustainability of the public finances, the tax system, inequality in education and the green transition as key challenges going forward.

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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