Industry in Luxembourg
Luxembourg - IndustryThe 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
|Industrial Production (annual variation in %)||-2.7||-8.2||1.5||6.4||5.8|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg Industry Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.12||0.65 %||Dec 31|
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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.
February 14, 2020
Consumer prices fell 0.6% over the previous month in January, contrasting December’s 0.1% rise.
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%.
January 10, 2020
Consumer prices ticked up 0.1% in December after remaining unchanged in November.
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.