Industry in Luxembourg
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 |
Luxembourg Industry Chart
Source: National Statistical Institute of Luxembourg.
Luxembourg Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Luxembourg: Unemployment rate ticks up in January
February 20, 2020
In January, the number of unemployed workers stood at 16,476, which was down 0.3% from December’s print of 16,532, while the seasonally-adjusted unemployment rate rose to 5.5% from 5.4% in December.
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Luxembourg: Harmonized inflation climbs in January
February 14, 2020
Consumer prices fell 0.6% over the previous month in January, contrasting December’s 0.1% rise.
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Luxembourg: Unemployment rate steady in December
January 20, 2020
In December, the number of unemployed workers stood at 16,532, up 7.7% from November’s print, while the seasonally-adjusted unemployment rate held steady at 5.4%.
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Luxembourg: Harmonized inflation jumps in December
January 10, 2020
Consumer prices ticked up 0.1% in December after remaining unchanged in November.
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Luxembourg: Economy loses pace in Q3
December 20, 2019
Growth decelerated to 3.0% year-on-year in the third quarter, down from the second quarter’s downwardly revised 3.2% expansion (previously reported: +3.7% year-on-year), according to data released by the Statistical Institute (STATEC) on 20 December.
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