GDP in Luxembourg
Luxembourg - GDP
Growth softens in Q4 amid softer household spending
Growth decelerated to 1.7% year-on-year in Q4 2018, from Q3’s 2.8% outturn. The slowdown was chiefly led by softer household spending at year-end, according to detailed data released by the Statistical Institute (STATEC) on 21 March. Taking the year as a whole, GDP grew 2.6% in 2018, up from 2017’s 1.5% upshot.
Domestic activity lost momentum in the fourth quarter amid hiccups in household spending growth, which decelerated to 3.2% on an annual basis (Q3: +4.2% year-on-year). On the other hand, fixed investment rebounded in Q4, up 3.3% year-on-year after it fell 2.1% in Q3. In addition, government spending growth gained traction, accelerating from 3.9% in Q3 to 4.7% in the last quarter of 2018.
Looking at the external sector, year-on-year export growth softened, coming in at 3.2% in Q4 (Q3: +4.0% yoy) amid a broad-based deceleration across the Eurozone’s largest economies. Similarly, imports slowed in the quarter, expanding 3.9% after rising 4.5% in Q3.
On a quarter-on-quarter, seasonally-adjusted basis, GDP growth in the fourth quarter came in at 0.3%, down from the 0.5% expansion recorded in the third quarter.
Met the why particular Consensus Forecast panelists expect GDP growth to reach 3.0% in 2019, which is unchanged from last month’s forecast, and also 3.0% in 2020.
Luxembourg - GDP Data
|Economic Growth (GDP, annual variation in %)||3.7||5.8||2.9||3.1||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg GDP Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||626||0.19 %||May 13|
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May 21, 2019
In April, the number of unemployed workers stood at 15,453, down 1.4% from March’s result.
May 8, 2019
Consumer prices rose 0.2% month-on-month in April, unchanged from March’s turnout.
April 23, 2019
In March, the number of unemployed workers stood at 15,670, up 1.0% from February’s result.
April 3, 2019
Consumer prices rose 0.2% month-on-month in March, decelerating from February’s 1.5% increase.
March 21, 2019
Growth decelerated to 1.7% year-on-year in Q4 2018, from Q3’s 2.8% outturn.