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The BCL’s consumer confidence indicator has deteriorated in September 2016. All the components of the indicator have evolved unfavourably this month, with the exception of households’ expectations about the economic situation in Luxembourg which have improved slightly.
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On the occasion of the International Day of Older Persons, celebrated on 1 October, STATEC brought together senior statistics (60 years and more) in the Grand Duchy. On 1 January 2016, 111 759 residents are 60 years or more, their number increased by 14.4% over the past 5 years. 55.1% are women.
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While the Luxembourg labour market remains relatively vigorous as autumn approaches, some signals indicate that it may be running out of steam. The number of jobs created remains high but is no longer rising, while the drop in unemployment has receded significantly in recent months. These very recent trends have yet to be confirmed.
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Luxembourg in figures 2016
28-09-2016 | STATEC

The 2016 edition of "Luxembourg in figures", annual publication of STATEC, is now available. In a practical Pocket format, this booklet of 52 pages provides the key figures on the Grand Duchy, illustrated by maps and graphics.
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On 31 August 2016, Luxembourg had 16 366 registered unemployed residents (available for the labor market and which did not benefit from an employment program). The seasonally adjusted unemployment rate was 6.4 %.
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The payroll employment increases by 0.8% compared to the first quarter of 2016, and by 3.0% compared to the second quarter of 2015. The number of cross-border workers grows slightly faster than the number of resident workers: + 4.1% against + 2.0% over a year. Employment in professional and support service activities (+ 6.4%) and in information and communication activities (+3.0%) were very dynamic.
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The Central Balance Sheet Office (CBSO), whose management belongs to STATEC, is operational since 2012 and has as main purposes the collection in a structured and electronic format, the analysis and dissemination of financial accounting information from the annual accounts of Luxembourg’s companies. As a part of the quality analysis of data collected by the CBSO, a study was performed in order to see how the CBSO data can possibly be used to supplement information required for the Labour Cost Survey conducted by the Labour market Unit.
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The financial sector is a major pillar of economic structure of Luxembourg and this specialization has remained up to the last years. The share of financial activities in total value added has changed little, although some diversification among the various components of the sector took place, to the benefit of financial auxiliaries and at the expense of financial intermediation.
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In August 2016, the consumer price index, calculated by STATEC, increased by 1.16% compared to the previous month, in particular because of the end of summer sales. After correcting for the price changes due to sales and excluding oil products, prices of other goods and services rose by 0.15%. At the same time prices for oil products fall for the second consecutive month. The inflation rate stabilized around 0% during the previous month. It now goes up to +0.2%. The 6-month moving average has increased by 2.22% since the last indexation of wages (compared to the 2.5% needed) so that it becomes likely that the next indexation will be triggered in the 4th quarter of 2016.
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The BCL’s consumer confidence indicator has rebounded in August 2016. All the components of the indicator have evolved favourably this month, with the exception of households’ expectations about the economic situation in Luxembourg which have noticeably deteriorated.
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The BCL informs that the aggregated balance sheet of credit institutions reached 783 095 million euros on 31 July 2016, compared to 774 933 million euros on 30 June 2016, an increase of 1.1%.
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