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An institute serving citizens, companies and political decision-makers

STATEC (National Institute of Statistics and Economic Studies of the Grand Duchy of Luxembourg) is an administration under the authority of the Ministry of Economics. Nevertheless, it is scientifically and professionally independent, i.e. that STATEC sets its work plan in conformity to the national and European statistical legislation, and generates and disseminates its data in complete neutrality.

Its missions are to provide public and private decision-makers, along with the citizens, a high-quality statistical information service. STATEC is committed to producing statistics, analyses and studies mirroring a detailed, reliable and objective image of the Luxembourg society.

STATEC coordinates the Luxembourg Statistical System that is organised in consonance with the principle of statistical centralisation.



Since 2009, interest rates in the euro zone are very low and put pressure on the banks' revenues. Most Luxembourgish banks were affected by a decrease in their interest margin. However, more recently, this decline has been partly offset by higher credit volume and lower charges.
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In January 2018, the National Consumer Price Index fell by 0.9% compared to the previous month. This decline can be explained by price reductions during the winter sales. The monthly increase in the prices of petroleum products mitigates this downward movement.
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STATEC maintains its inflation forecast at 1.4% for 2018. Due to special factors, inflation would slow down compared to 2017 (1.7%). The next automatic indexation of wages, salaries and pensions is forecasted for the third quarter of 2018.
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In 2018, scanner data will be used for the first time in the compilation of the consumer price index. Scanner data are files that contain, for each individual item, the value of sales and the number of units sold in an outlet during a certain period of time. This paper presents the methodological approach adopted by STATEC to use this new data source.
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In the 3rd quarter of 2017, house prices increased by 4.9% compared to the 3rd quarter of 2016. The average price per square meter of existing apartments is 5 002 €/m2, while apartments under construction cost 6 316 €/m2. The average price of a single-family home reaches 649 425€.
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STATEC publishes mid-term projections at the beginning of the year, with the Note de conjoncture being dedicated exclusively to short-term developments. This projection will also supply the work of the National Economic and Financial Committee (CEFN), established by Grand-Ducal Regulation of 10th October 2017 for the establishment of the Stability Program (PSC) within the framework of the European Semester.
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