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Forecasts adjusted downwards
26-11-2014 | STATEC news

Since spring, international organisations have downgraded their growth forecasts for the euro zone to 0.8% for 2014 and 1% for 2015. With growth acquisition at about 3% by the end of second quarter, STATEC's forecast of a GDP in volume increase of 2.9% in 2014 for Luxembourg may seem too low. However, a number of factors give grounds for caution...
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Analysis of working time
25-11-2014 | STATEC news

With 1773 hours per year in 2012, the average working hours (for a full-time equivalent) declined slightly compared to 2008, after having increased during the decade before.
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The structural business statistics covering the non financial business economy from 2005 to 201 enhance financial analyses on a company level as well as macroeconomic indicators through a presentation of figures by economic activity branch, by employment size class or by country of control.
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Unemployment rate in october 2014: 7.1 %
24-11-2014 | Agence pour le développement de l’emploi news

On October 31st 2014, Luxembourg had 18 124 registered unemployed residents. The seasonally adjusted unemployment rate was 7.1 %.
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Firm Dynamics, Competitiveness of the Nation
20-11-2014 | Statnews 42/2014

Firms are still poorly known in Luxembourg. During the last years, surveys on innovation, new information and communication technologies, training and entrepreneurship, have come to complete figures from accounts. This new sources enable analysing diversity, dynamics and performance of firms.
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STATEC compares key indicators of labour cost in Luxembourg with those of neighbouring regions and other member states of the European Union. This analysis shows that in Luxembourg the average hourly labour cost is higher than on average in the euro area, but below those of Belgium and France...
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STATEC has published the new version (january 2014) of the "Répertoire des entreprises luxembourgeoises", a register giving information on the economic activities of some 30 476 companies.
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Perception of the presence of drugs
06-11-2014 | STATEC news

Data from a victimisation survey collected by Statec in 2013 show that 35% of residents aged 16 and over have seen in their neighbourhood drug users, drug dealers or objects related to the intake of drugs during the past 12 months. Such observations have more often been made by young persons and residents of urban areas...
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According to the latest forecasts STATEC, the inflation rate (consumer price index) will settle down at 0.7% in 2014 (against 1.7% in 2013). Despite the increase in VAT on 1 January 2015, the price increase would be limited to 1.4% in 2015. Therefore the next indexation would be pushed back to the second quarter of 2015.
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Aside from oil products prices which are falling, consumer prices surveyed by STATEC in October are stable. Mainly as a result of falling oil prices, the general index slowed down back by 0.2% within a month. The annual inflation rate remained constant at 0.3% while the core inflation rate continues on its downward trend to reach 0.8%.
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