Conjoncture Flash December 2016

The Luxembourg economy is expected to experience GDP growth of close to 4% in 2016 and 2017, a rate of expansion comparable to that observed in 2013. This growth is based more on domestic demand, particularly consumption and investment, and should allow unemployment to continue to decline.

• Manufacturing: Employment fares better but not output

• Construction: Positive figures

• Financial sector (1/2): Yields on sovereign bonds up

• Financial sector (2/2): Stock markets bounce back

• Labour market: Unemployment still falling in early 2016

• Inflation: Commodity prices recover

• Non-financial sector: No autumn depression