Trade Balance in Luxembourg
Luxembourg - Trade BalanceThe economy expanded at a softer year-on-year pace in the third quarter, due to a less favorable base effect. A broad-based easing of domestic demand—which saw household and government spending growth cooling and capital expenditure contracting—was mainly behind the slowdown. That said, underlying momentum strengthened in the quarter. Turning to the final quarter of the year, tighter Covid-19 restrictions amid the emergence of the Omicron variant will have likely weighed on the economy. Consumer sentiment weakened in October and November, which, coupled with rising inflation, has likely constrained household spending in Q4. Moreover, lower industrial confidence in the same two months compared to the average for Q3 suggests cooling private sector activity. However, a further decline in the unemployment rate in October could have lent some support to spending.
Luxembourg - Trade Balance Data
|Trade Balance (USD billion)||-6.7||-6.4||-7.2||-7.8||-8.1|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg Trade Balance Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 7, 2022
Consumer prices fell 0.08% from the previous month in December, swinging from November’s 0.66% increase.
December 20, 2021
The number of unemployed workers came in at 15,232 in November, which was down 1.2% from October’s result of 15,417.
December 13, 2021
A detailed breakdown confirmed that GDP growth slowed to 5.3% year-on-year in the third quarter, down from the second quarter’s 12.6% increase.
December 8, 2021
Consumer prices rose 0.66% from the previous month in November, a smaller increase than October's 0.90% increase.
November 30, 2021
Economic growth eased from 12.6% year-on-year in the second quarter to 5.3% year-on-year in the third, according to a flash estimate.