Industry in Luxembourg
Luxembourg - Industry
Economic 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 - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -7.1 | -2.7 | -8.2 | 1.5 | 6.4 |
Luxembourg Industry Chart
Source: National Statistical Institute of Luxembourg.
Luxembourg Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 595 | 0.19 % | Sep 04 |
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Economic News
Luxembourg: Unemployment stable in July
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.
Luxembourg: Harmonized inflation edges up in July
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.
Luxembourg: Unemployment stable 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.
Luxembourg: Harmonized inflation eases to an over-a-year-low in June
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.
Luxembourg: Growth softens in Q1 amid across-the-board slowdown
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).
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