Retail Sales in Luxembourg
Luxembourg - Retail Sales
Available data suggests that growth slowed in the second quarter, following a broad-based deceleration in domestic demand in the first quarter. Household spending likely remained subdued in Q2, as signaled by softer retail sales growth and an uptick in the unemployment rate in the quarter. In addition, investment activity was likely moderate, as an escalating trade war and lingering Brexit uncertainties weighed on the all-important financial sector. On the external front, however, merchandise exports gained traction in Q2, despite the wider European pullback. Turning to the third quarter, growth prospects look even frailer: Negative consumer sentiment in July–August bodes ill for household spending, while sustained pessimism in the industrial sector in the same period could dampen investment.Luxembourg - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 15.1 | 8.3 | -30.7 | -52.7 | -23.0 |
Luxembourg Retail Sales Chart
Source: National Statistical Institute of Luxembourg.
Luxembourg Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 595 | 0.19 % | Sep 04 |
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Economic News
Luxembourg: The economy expands at the fastest pace in a year in Q2
October 9, 2019
Growth accelerated to 3.7% year-on-year in the second quarter, marking the highest print in a year, following the first quarter’s downwardly revised 1.0% expansion (previously reported: +1.6% year-on-year).
Luxembourg: Harmonized inflation recedes in September
October 4, 2019
Consumer prices fell 0.2% month-on-month in September, contrasting a 1.2% increase in August.
Luxembourg: Unemployment stable in August
September 20, 2019
In August, the number of unemployed workers stood at 15,370, down 1.9% from July’s result, while the seasonally-adjusted unemployment remained stable at July’s 5.4%.
Luxembourg: Unemployment stable in July
August 20, 2019
In July, the number of unemployed workers stood at 15,668, up 4.2% from June’s result, while the seasonally-adjusted unemployment rate remained stable at 5.5% from the previous months, to match that of the same month last year.
Luxembourg: Harmonized inflation edges up in July
August 7, 2019
Consumer prices fell 0.7% month-on-month in July, the lowest print in six months, after a 0.1% downturn in June.
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