Industry in Luxembourg
Luxembourg - Industry
Growth appears to have slowed in the first quarter, amid a broad-based deceleration in activity. Average growth in retail sales lost stride compared to the previous quarter, suggesting sluggish spending by households, while subdued construction activity likely weighed on fixed investment. Meanwhile, industrial production grew modestly in Q1, while merchandise exports cooled, amid the wider European slowdown. Turning to the second quarter, sequential data remained somewhat depressed. A fall in business sentiment in April–May points to cooling capital investment, particularly in the manufacturing sector, amid lingering weaknesses in the Eurozone’s major economies. Meanwhile, although average consumer sentiment improved a tad in April–May, unemployment rose in the same period, hinting at only tepid gains in spending in Q2.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 | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 616 | 0.19 % | Jul 11 |
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Economic News
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).
Luxembourg: Unemployment rate ticks up in May
June 20, 2019
In May, the number of unemployed workers stood at 15,124, down 2.2% from April’s result, while the seasonally-adjusted unemployment rate ticked up to 5.5% (April: +5.4%) to match that of the same month last year.
Luxembourg: Harmonized inflation holds steady in May
June 5, 2019
Consumer prices rose 0.3% month-on-month in May, edging up from April’s 0.2% increase.
Luxembourg: Unemployment rate stable in April
May 21, 2019
In April, the number of unemployed workers stood at 15,453, down 1.4% from March’s result.
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