Every month the MRC's team of economists issues this barometer for the Luxembourg and European economy. This indicator tracks recent fluctuations in the Luxembourg market and in the overall Eurozone.
The optimistic mood in Luxembourg this month is the result of a dramatic upturn in our barometer: at +34, it rose by 26 points last month.
Key statistics for Luxembourg*:
- Luxembourg’s GDP growth outperformed that of the euro area (+4.8% 2015)
- Debt is under control (21.5% in 2015)
- Tax revenues are up (+2.6% between Q1 2015 and Q1 2016)
- Unemployment is low (6.5% March 2016)