Economy

Politics & Institutions

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

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

The Eurozone’s latest economic indicators ring alarm bells as the Composite Purchasing Managers Index dives to its lowest point in 33 months. This drop, marked by shrinking services activity coupled with sustained manufacturing decline, deepens concerns about the region’s fiscal health.

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

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

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

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

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

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

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.

Luxembourg lags behind in household income, purchasing power growth

Kangkan Halder • 18.07.2023

Regulating, managing and creating a secure and safe financial environment around banking, crypto-assets and a digital currency are the leading challenges lying ahead for central banks and policymakers. Photo: Shutterstock

Regulatory framework and digital innovations: shaping the future of cashless Europe

Kangkan Halder • 09.07.2023

The EU experienced significant shifts in import volumes and value of energy-related products in Q1 2023, consequently affecting the market share of exporting countries. Photo: Shutterstock

Paramount market shift in EU energy imports amid Russia sanctions

Kangkan Halder • 05.07.2023

Luxembourg’s external trade has been on a downward trend for the past several months. Photo: Matic Zorman / Maison Moderne

Export and import volumes continue to decline

Kangkan Halder • 03.07.2023

In January, 17% of the products covered by the VAT cut saw their prices rise in Luxembourg, while a third saw prices stabilise, according to the Statec survey. Photo: Christophe Lemaire/Maison Moderne

Prices largely unchanged despite VAT cut

Catherine Kurzawa • 27.06.2023

Economic expert François Koulischer discussed the motivation, challenges and potential impact of the “unconventional” fiscal support to the housing sector announced by the government on Tuesday 20 June. Photo: University of Luxembourg

Housing sector fiscal support “unconventional,” says Uni.lu professor

Kangkan Halder • 27.06.2023

René Winkin, managing director of Fedil, shares his views on the continued challenges against industrial production Photo: Fedil / Ann Sophie Lindström

Interest rates are hindering industry, says Fedil manager

Kangkan Halder • 26.06.2023

Car prices typically operate within narrow margins due to the highly competitive market. However, inflation is driving up prices, especially for secondhand cars. Photo: Romain Gamba / Maison Moderne

Secondhand car prices accelerate

Kangkan Halder • 25.06.2023

In the midst of the campaign ahead of elections this autumn, Luxembourg is experiencing its worst ranking in ten years. Photo: Shutterstock

Luxembourg falls to 20th place in competitiveness ranking

Thierry Labro • 20.06.2023