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Uneven but sustained growth
26-10-2016 | STATEC

After falling in the 1st quarter, Luxembourg GDP recovered well over the spring. Despite the adjustments to figures for previous quarters, underlying activity trends remain unchanged: although these have been relatively high since 2013, growth in the financial sector has been slowing since 2015. The indicators available for the 3rd quarter, particularly the results of opinion surveys and figures for the financial markets, suggest that the economic climate remains relatively buoyant.
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Registered apartment prices in the first semester 2016
25-10-2016 | STATEC, Observatoire de l'Habitat

In the 2nd quarter 2016, the House Price Index shows an annual increase of 5.6%. The average price per square metre in the last 12 months for existing apartments lies at 4 613€/m2, whereas the price of those in construction attains 5 764€/m2. The average price of a one-family house reaches 594 379€. In addition to the latest available statistics on house sales, this report also contains an analysis of the apartments’ floor areas, as well as one examining the role of the accessibility to Luxembourg City regarding apartments’ selling prices.
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On 30 September 2016, Luxembourg had 16 493 registered unemployed residents. The seasonally adjusted unemployment rate was 6.4 %.
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STATEC just released the newest version (January 2016) of Luxembourg business directory (Répertoire des entreprises luxembourgeoises). It contains information on the economic activities of some 32,635 companies.
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STATEC has published its Bulletin N° 1/2016 dedicated to the results of the survey « Trust in official statistics 2015 ». The online survey was realised by TNS/Ilres on behalf of STATEC. It covered the subscribers to STATEC’s Newsletter and the individuals registered in the MyPanel database hold by TNS/Ilres.
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We test whether web survey mode alters people's evaluations of their well-being compared to telephone survey mode. We use unique, nationally representative data from Luxembourg in which five questions about subjective well-being were asked using web and telephone surveys.
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STATEC publishes today the first estimates of the gross domestic product (GDP) for the second quarter of 2016, as well as revised figures for the previous quarters and the years 2010-2015. The GDP in volume increased by +4.4% during the second quarter of 2016 compared to the same quarter in 2015, and by +1.6% compared to the previous quarter.
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According to the latest survey on living conditions (EU-SILC), it appears that 26% of the people have experienced at least one episode of poverty between 2012 and 2015. This shows that poverty is a dynamic phenomenon: one can slide into poverty just as one can get out of it. On the occasion of the International Day for the Eradication of Poverty on 17 October, STATEC published its traditional report called "Work and social cohesion" in the collection of the “cahiers économiques”.
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The BCL informs that, based on preliminary data, the aggregated balance sheet of credit institutions reached 766 831 million euros on 31 August 2016, compared to 783 095 million euros on 31 July 2016, a decrease of 2.1%.
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On the occasion of the European Statistics Day STATEC will organise a statistical information booth in Luxembourg City (corner Grand-Rue/rue des Capucins ) on October 20, 2016 from 10:00 to 16:00. The aim is to transmit the diversity and usefulness of official statistics in Luxembourg. In the afternoon STATEC and the "Luxembourg Statistical Society" will arrange a conference on the theme: "Governance by the numbers" is it the end of the history of statistics?
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