Industry in Luxembourg
Luxembourg - Industry
Activity likely remained healthy in the second quarter, after economic growth accelerated in annual terms in the first quarter. The unemployment rate averaged notably lower in April–June compared to Q1, which, coupled with less downbeat consumer sentiment in the same period, bodes well for household consumption. Moreover, business sentiment turned optimistic in the second quarter, suggesting that private sector activity strengthened. Turning to the third quarter, the unemployment rate ticked down to a 17-month low in July. While this suggests that household spending will strengthen further, fewer job seekers than vacancies could hinder private-sector activity growth. Even so, business confidence rose to an over 14-year high in July, highlighting that firms retain an optimistic outlook.Luxembourg - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -8.2 | 1.5 | 6.4 | 5.8 | -4.4 |
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: Inflation accelerates in August
September 8, 2021
Harmonized consumer prices rose 1.07% month-on-month in August, swinging from the 0.39% drop recorded in the prior month.
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Luxembourg: Unemployment rate drops to 16-month low in June
August 20, 2021
In July, the number of unemployed workers came in at 16,807, which was up 2.5% from June’s result of 16,402.
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Luxembourg: Inflation eases in July
August 5, 2021
Harmonized consumer prices dropped 0.40% in July over the previous month, swinging from the 0.30% rise logged in June.
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Luxembourg: Unemployment rate tricks down in June
July 20, 2021
In June, the number of unemployed workers came in at 16,402, which was down 5.4% from May’s result of 17,340.
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Luxembourg: Inflation eases in June
July 8, 2021
Harmonized consumer prices increased 0.30% in June over the previous month, decelerating from the 0.42% rise logged in May.
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