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Economic impact of Luxembourg airport
27-05-2016 | lux-Airport

According to a study commissioned by lux-Airport and based on figures for 2015, Luxembourg airport contributes to 5% of Luxembourg's GDP and contributes directly or indirectly to 24 170 jobs.
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Slower economic growth in 2016
25-05-2016 | STATEC

While 2015 ended with GDP up almost 5%, growth is set to slow this year due to the less favourable external economic environment, particularly for financial activities. STATEC thus anticipates GDP growth of some 3% in 2016, followed by an acceleration in 2017.
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On 30 April 2016, Luxembourg had 17 040 registered unemployed residents (available for the labor market and which did not benefit from an employment program). The seasonally adjusted unemployment rate was 6.6 %.
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During its meeting of 13 April 2016, The Higher Council for Statistics expressed its recommendations to increase reliability in the Luxembourg Statistical System. Its conclusions highlight the need for an overhaul of the national accounts system at STATEC and the respect of the European Code of Practice among other producers of official statistics.
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The BCL informs that Luxembourg’s credit institutions employed 26 136 people on 31 March 2016. Employment in credit institutions increased by 239 units compared to the previous quarter and by 454 units on a yearly basis.
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While 2015 ended with GDP up almost 5%, growth is set to slow this year, due to the less favourable external economic environment, particularly for financial activities. STATEC thus anticipates GDP growth of 3.1% in 2016, followed by a further +4.6% in 2017.
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N° 12/2016 Seasonality in mortality
10-05-2016 | Publications

Between January 1994 and December 2014, 79 592 deaths were recorded in Luxembourg. These deaths are not distributed equally among the different months of a year. We observe the highest figures in January (+ 13.9 % compared to the annual average) and the lowest in September ( -9.4 % of deaths compared to the annual average).
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Registered apartment prices in the second semester 2015
09-05-2016 | STATEC, Observatoire de l'Habitat

In the 4th quarter 2015, house prices are up by 3.6% compared to the 4th quarter in the previous year. This result and other recent data on dwelling acquisitions can be found in the “Logement en chiffres” published by STATEC and the “Observatoire de l’Habitat” of the Ministry of Housing. The statistics are derived from actual transaction prices.
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According to the latest forecast, the inflation rate (IPCN) will end up at 0.2% in 2016 and is expected to raise to 1.5% in 2017. The next automatic wage indexation of +2.5% of wages, salaries and pensions will most likely occur in the first quarter of 2017.
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The consumer price index calculated by STATEC rose by 0.07% compared to March. In April, the positive dynamics at the level of non-oil goods and services was partially offset by a further decline in oil prices. With an annual inflation rate at 0.07% the pressure on prices is low. The annual core inflation rate is with 1.1% similar to the observed values from the beginning of the year.
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