Fiscal Balance in Luxembourg

Luxembourg Fiscal Balance | Economic News & Forecasts

Luxembourg - Fiscal Balance

Available data paints a mixed picture for the economy in the first quarter of the year, on the heels of Q4 2018’s deceleration. Household spending likely gathered momentum in Q1, as reflected by sturdy retail sales growth in January-February and despite higher unemployment, which rose for the first time in almost five years. On the other hand, industrial production slid in the first two months of the year, which took its toll on merchandise export growth. Turning to Q2, there are signs of green shots in Luxembourg’s all-important financial-services industry: Improved optimism in the services sector, against the backdrop of a strong rebound in sentiment across the Eurozone’s financial sector in March, bodes well for economic activity ahead.

Luxembourg - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)1.0  1.3  1.4  1.6  1.5  

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Luxembourg Facts

Exchange Rate1.120.65 %Jun 14
Stock Market6160.19 %Jun 14

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