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Consumption fares better
25-03-2015 | STATEC

Household consumption will most likely experience ‘zigzag’ growth at the turn of the year, notably due to the VAT hike on 1 January. However, recent developments in the economic climate point to a number of positive factors likely to boost household consumption spending this year.
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"Le logement en chiffres" is a joint publication made by STATEC and the “Observatoire de l’Habitat” of the Ministry of Housing. This biannual publication contains the latest data available on dwelling acquisitions. The statistics are derived from an administrative data file provided by the “Administration de l’Enregistrement et des Domaines”. In the 4th quarter 2014, prices are up by 5.6% compared to the 4th quarter in the previous year.
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On 28 February 2015, Luxembourg had 19 099 registered unemployed residents (available for the labor market and which did not benefit from an employment program). The seasonally adjusted unemployment rate was 7.0 %.
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In 2014, some 371 580 people have been employed in the Grand-Duchy. Cross-border workers represent 44.3% of salaried employment.
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Women and education
05-03-2015 | STATEC

On the occasion of the International Women's Day celebrated on March 8, STATEC examines the situation of women in the field of education. Girls and young women are now the majority in "classic" secondary education (54%) and higher education (53%), where they even represent ¾ of students in certain fields of study such as e.g. education sciences, with a consequent significant feminisation of the school system.
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Following the monthly decline in January due to winter sales, the consumer price index, calculated by STATEC, rose by 1.7% in February. However, excluding the impact of winter sales the index only increased by 0.5% compared to the previous month. Inflation rate returns to positive values reaching 0.1% after -0.4% in January. Year on year core inflation is also on an upward trajectory and goes from 1.1% to 1.3%.
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Despite the concerns raised by certain economic indicators, GDP growth in the euro zone was sustained over the last quarter of 2014. Furthermore, euro-zone economies should benefit from the combination of a number of positive factors, both internal (European investment plan, expansionary monetary policy) and external (falling oil prices, depreciation of the euro).
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On January 31st 2015, Luxembourg had 19 468 registered unemployed residents. The seasonally adjusted unemployment rate was 7.0 %.
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Due to the sharp decline of oil prices during the last months, inflation forecasts for 2015 now point to 0.3% only, despite the VAT increase on January 1st. Inflation would remain limited in 2016 with 1.1% annual growth. In line with lower inflation forecasts, the next automatic wage indexation would not take place before mid-2016.
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Despite the increase of some VAT rates as of first January 2015, the index of consumer prices, compiled by STATEC, decreases by 0.7% compared to the previous month. As every year in January winter sales have influenced the monthly results. However by neutralizing the price declines due to sales the index shows a monthly increase of 0.5%. The annual inflation rate rose compared to December but remains negative at -0.4%.
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