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The 2nd quarter of 2014 was marked by lower than expected GDP growth in the eurozone. This stagnated, due notably to the counter-performance of its three leading economies. Over 2014 as a whole, growth is not expected to exceed 1%, below the trajectory anticipated last spring.
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Unemployment rate in July 2014 : 7.3 %
25-08-2014 | Agence pour le développement de l’emploi news

On July 31st 2014, Luxembourg had 18 103 registered unemployed residents. The seasonally adjusted unemployment rate was 7.3 %.
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To better reflect economic reality and because of progress made in statistical sources and methods, the revised European System of Accounts (ESA 2010) changes the treatment of Research and Development (R&D) expenses in national accounts. Research and Development (R&D) is now recognized as a fixed asset which does not disappear in the production process. In other words, the R&D expenses of the economy are no longer recorded as intermediate consumption, but as capital formation.
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Les communes et les cantons du Luxembourg
13-08-2014 | Publications

This book, edited by STATEC in collaboation with the University of Luxembourg - INSIDE, contains key figures on the cantons and municipalities, concerning population, socio-economic status, housing and level of education.
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According to the latest inflation forecasts, the inflation rate will reach 0.9% in 2014 and 2.2% in 2015. The next wage indexation will occur in the first quarter of 2015. The impact of the raise of VAT rates on 1st of January 2015 is estimated at 0.8 percentage points.
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In July 2014 consumer prices calculated by STATEC are falling by 1.0% compared to the previous month. As every year the summer sales affect the monthly result; when neutralizing variations due to summer sale prices, the index shows a monthly increase of 0.07%...
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STATEC provides a measure of total factor productivity taking into account negative externalities due to pollution by CO2 emissions.
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After a first estimate of illegal activities in 2006, STATEC undertook an impact assessment on both gross domestic product (GDP) and gross national income (GNI) for the year 2012. The impact is about 0.3% of both GDP and GNI. Although relatively low, these activities are nevertheless significant, especially when directly compared to certain industries of the legal economy...
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Unemployment rate in june 2014 : 7.2 %
24-07-2014 | Agence pour le développement de l’emploi news

On 30 june 2014, Luxembourg had 17 365 registered unemployed residents. The seasonally adjusted unemployment rate was 7.2 %.
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The consumption expenditures of households have increased in 2012 compared to 2011, but the increase depends on the type of consumption. Households’ expenditures for housing are by far the most important ones, followed by expenditures for transportation and food.
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