Trade Balance in Luxembourg

Luxembourg Trade Balance (EUR) | Economic News & Forecasts

Luxembourg - Trade Balance (Euros)

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 - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)-7.4  -6.7  -6.0  -5.7  -6.3  

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Luxembourg Trade Balance (EUR) Chart

Luxembourg Trade
Note: Trade balance in EUR billion.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Exchange Rate1.100.65 %Sep 04
Stock Market5950.19 %Sep 04

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