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Latest news

Labour market on the right track
23-05-2017 | STATEC

Domestic paid employment picked up in late 2016, up 3.3% over one year in the 4th quarter. Unemployment benefited from this momentum and continued to fall, dropping to 6.0% of the working population in April 2017, up from 6.2% at the turn of the year.
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This is a declin of 0.5 percent comparing to April 2016. The number of resident job seekers decreased by 1 000 people (-5,9% over 12 months). The decline is widespread and gives advantage to most vulnerable job seekers.
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The population of the Grand Duchy reaches 590 667 persons on 1st January 2017. As in the past, the increase in population is mainly due to the net migration, although it decreases from 2015 (-15.3%).
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After only 0.3% in 2016, the rise in inflation cannot only be attributed to the increase in oil prices, but stems also from both the observed and the projected hike in underlying inflation. Driven by favourable economic fundamentals, underlying inflation is indeed expected to rise to 1.4% in 2017 and 1.8% in 2018.
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In April, consumer prices, collected by STATEC, increased by 0.3%. The general index is influenced by oil products and especially by services that are experiencing a dynamic evolution this month. The annual inflation rate rises to 1.9%.
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Euro zone: strengthening momentum
28-04-2017 | STATEC

Sentiment among businesses and consumers in the euro zone strengthened in early 2017, a very positive sign for the short-term cyclical outlook. Other favourable signs at European level – resilience in the financial markets, elimination of public deficits and falling unemployment – point to a buoyant environment in terms of the Luxembourg economy this year.
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Early April the survey on business and leisure tourism begins. According to the results of the survey in 2015, a lot of residents are going on vacation every year (83%). They are going regularly (4 times a year) and have a generous budget allowing them to travel abroad and to stay at the hotel (2,800€/ year).
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The goal of this report from LISER is to provide an overview of the wealth situation of women and men in Luxembourg. Luxembourg is the country with the highest mean and median value of household net wealth among euro area countries, but to date no studies have analyzed the gender wealth gap in Luxembourg.
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Current account in 2016
07-04-2017 | STATEC

The first provisional results of Luxembourg's current account show a surplus of 2.6 billion euros. External transactions in goods and services left a surplus of 17.4 billion euros in 2016. Small changes in opposite directions (lower exports versus higher imports) have the net contribution of financial services to the current account balance decrease from 14.3 billion euros in 2015 to 14 billion in 2016.
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Aside from the decline for oil products, consumer prices, surveyed by STATEC in March, are not very dynamic. The general index is stable compared to the previous month with a monthly rate of increase of only 0.01%. The annual inflation rate remains stable at 1.8%.
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