Conjoncture Flash April 2017

Sentiment among businesses and consumers in the euro zone strengthened in early 2017, a very positive sign for the short-term cyclical outlook. Other favourable signs at European level – resilience in the financial markets, elimination of public deficits and falling unemployment – point to a buoyant environment in terms of the Luxembourg economy this year.

• Manufacturing: Disappointing figures but confidence remains high

• Property: Prices continue to rise

• Financial sector 1/2: Loans to non-bank clients continue to rise

• Financial sector 2/2: Confidence among insurers at its highest in 10 years

• Labour market: Unemployment in Europe continues to fall

• Inflation: Increased pressures on prices and wages

• Public finances: Tax receipts up 5.9%