Economy

Politics & Institutions
The latest numbers pertaining to the housing crisis are in. Photo: Romain Gamba/Maison Moderne/Archives
ECONOMY

House prices have fallen 6.4% in one year

Sales of flats and houses continued to fall in the second quarter of 2023 compared with the same period in 2022, according to the Housing Observatory and Statec. Prices fell by 6.4% year-on-year.

Mathilde Obert • 26.09.2023
Luxembourg’s GDP has kept fluctuating between growth and decline over the past six quarters, registering a slight contraction of -0.1% in the most recent quarter. Photo: Romain Gamba / Maison Moderne
ECONOMY

Luxembourg GDP contracts 0.1% in Q2 2023

Kangkan Halder • 14.09.2023
“Multiple headwinds facing our economies this year have led to a weaker growth momentum than we projected in the spring,” Paolo Gentiloni, the European commissioner for economy, said this week. Photo: Romain Gamba / Maison Moderne
ECONOMY

EU’s economic outlook merges optimism with caution

Kangkan Halder • 13.09.2023
August 2023 data from Luxembourg’s central bank shows a significant improvement in household expectations for their financial situation over the next 12 months. Photo: Romain Gamba / Mainson Moderne
ECONOMY

Consumer optimism rises in August

Kangkan Halder • 07.09.2023
Luxembourg employees’ paycheques will increased by 2.5% starting in September, the third round of indexation to be triggered in 2023. This additional cost will initially be covered by employers, before they benefit from a reduction in their social insurance contributions at the beginning of next year. Photo: Maison Moderne
ECONOMY

Luxembourg state will soften third indexation blow, but in 2024

Catherine Kurzawa • 01.09.2023
“Should we judge that the policy stance is inconsistent with a timely return of inflation to our 2% target, a further increase in interest rates would be warranted,” remarked European Central Bank board member Isabel Schnabel on 31 August 2023. Archive photo: European Central Bank
ECONOMY

Further increase in interest rates “warranted”: ECB’s Isabel Schnabel

Kangkan Halder • 31.08.2023
Sustained inflation has triggered the third tranche of indexation this year. Photo: Sara Kurfeß/Unsplash
ECONOMY

Third indexation of 2023 set for September: Statec

Aaron Grunwald • 30.08.2023
Currently, 10-year maturity Eurozone government bonds are trading at lower prices compared to their 1-year counterparts, signaling investor concern over short-term economic growth prospects. Photo: Shutterstock
MARKETS

Inverted yield curves raising recession worries

Kangkan Halder • 28.08.2023
Based on the recent PMI data, Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, anticipates a 0.2% contraction in the eurozone for the third quarter. Archive photo: Matic Zorman / Masion Moderne
ECONOMY

Eurozone economic activity plunges: composite PMI hits 33-month low

Kangkan Halder • 23.08.2023
Yield curves in the eurozone and elsewhere are inverted, leading money market instruments to offer higher yields than medium or long-term bonds, reasons Detlef Glow, head of EMEA Research at Refinitiv Lipper. Photo: Refinitiv Lipper
FUNDS

European funds gain momentum amid July’s volatile market

Kangkan Halder • 23.08.2023
There were 15,333 jobseekers registered with Adem as of 30 June 2023, a 12% increase compared to June 2022. Photo: Delano.lu
ECONOMY

Domestic employment slowdown increases pressure on jobseekers

Kangkan Halder • 11.08.2023
“The next index-linked payment is scheduled for September 2023. However, it is possible that this indexation will not take place until October,” said Statec on Wednesday 9 August. Photo: Matic Zorman/Maison Moderne
ECONOMY

Inflation up 3.75% in July: Statec

Kangkan Halder • 09.08.2023
“In July, households revised downwards their expectations for the general economic situation in Luxembourg,” says Luxembourg’s central bank. Photo: Christophe Lemaire / Maison Moderne archives
ECONOMY

Luxembourg households stay pessimistic about economy

Delano.lu • 02.08.2023
The CFL is still the Luxembourg’s leading employer, excluding the civil service. Photo: Romain Gamba/Maison Moderne
INDUSTRY

CFL in the lead, Amazon ahead of Post, Spuerkeess out of top 20

Thierry Labro • 20.07.2023
Three out of four planes take off within 15 minutes of the scheduled departure time, but more than one-third of complaints are about delays. Archive photo: Maison Moderne
ECONOMY

Air passenger complaints could reach record 1,000 in 2023

Thierry Labro • 18.07.2023
Salaries in the grand duchy have grown significantly over the past decade-and-a-half, but, based on purchasing power standards (PPS), not as fast as in neighbouring countries. Photo: Maison Moderne.
ECONOMY

Luxembourg lags behind in household income, purchasing power growth

Kangkan Halder • 18.07.2023
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