Industry in Luxembourg

Luxembourg - Industry
After economic growth stabilized in the fourth quarter of last year, the economy likely lost some momentum in the first quarter. The war in Ukraine probably caused consumer sentiment to sour further, dropping to its lowest level since December 2008 in March. The conflict also sent consumer price inflation up as commodity prices skyrocketed, further denting household consumption in the period. On the other hand, industrial production firmed on an annual basis in January–February. Additionally, the labor market tightened and business confidence improved on average in the quarter, although the latter’s reading moderated markedly in March. Luxembourg’s economic structure, which is heavily reliant on the financial sector, should keep the impact of the war limited compared to other European nations.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 jumps to record-high in April
May 9, 2022
Consumer prices rose 0.82% over the prior month in April, down from March’s 1.00% increase.
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Luxembourg: Retail sales fall at sharpest rate since July 2021 in February
April 26, 2022
Retail sales fell 0.3% year-on-year in February (January: +7.1% yoy).
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Luxembourg: Inflation eases in March
April 8, 2022
Consumer prices rose 1.00% from the previous month in February, down from February’s 2.18% increase.
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Luxembourg: Retail sales growth accelerates in January
March 25, 2022
Retail sales jumped 5.3% year-on-year in January, up from December’s 1.65 increase.
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Luxembourg: Inflation eases in January
March 22, 2022
Consumer prices rose 0.2.18% from the previous month in February, up from January’s 0.12% decrease.