Conjoncture Flash September 2017

Economic growth was close to zero in the 1st quarter of 2017. GDP figures for the 2nd quarter of 2017 are not yet known, but the short-term indicators already available for this period make it possible to identify certain trends in economic activity. These are mixed, suggesting an improvement in financial activities, manufacturing and construction and a deterioration in non-financial services.

• Consumption: Slight drop in confidence over the summer

• Financial sector 1/2: EU UCIs buoyed by net investments

• Financial sector 2/2: Banking revenue from interest and commissions on the rise

• Labour market: A less dynamic labour market?

• Inflation 1/2: Inflation higher in Luxembourg than in the euro zone

• Inflation 2/2: Meat prices up sharply in Luxembourg

• International: Good news from abroad