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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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The number of available resident jobseekers registered at the ADEM is 16 599 as of January 31, 2018. Over one year, this represents a decrease of 1 077 people, or 6.1%. The rate of unemployed, adjusted for seasonal variations, was 5.6%.
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Inflation rate down to + 1.1%
16-02-2018 | STATEC

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 first half of 2017, housing prices up 6.6% year-on-year
12-02-2018 | STATEC, Observatoire de l'Habitat

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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Mid-term projections 2018-2022
08-02-2018 | STATEC

Eco&Stat_HP

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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The Banque centrale du Luxembourg’s consumer confidence indicator has reached a record level in January 2018. All the components of the indicator have evolved favourably this month.
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Following the Great Recession of 2008-2009, the main indicators of the labor market - job creation and unemployment rate - have deteriorated significantly. Over this period, other indicators also reveal an increase in underemployment.
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The climate in Luxembourg in 2017
26-01-2018 | MeteoLux

The annual mean air temperature for 2017 calculated by MeteoLux for its station at Luxembourg/Findel- Airport was 10.2 °C. In 2017 the number of summer days (39) and hot days (8) exceeded the normal by 6 days, respectively 4 days.
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