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Luxembourg GDP better than previously expected
Economics

Luxembourg GDP better than previously expected

28.01.2016 From our online archive
Luxembourg GDP did better in Q3 2015 than previously expected, up 5.5 percent over one year.

Luxembourg GDP did better in Q3 2015 than previously expected, up 5.5 percent over one year.

Also surprising, according to the STATEC report released Wednesday, was the fact that GDP is now rising 1.4 percent over one quarter (compared to the 0.9 percent fall in the October version).

While the financial sector in Luxembourg has contributed positively to this momentum, the most favourable trends were actually seen in transport, followed by business services, then construction.

Although the revisions boost exports in services not related to finance, domestic demand was "rather disappointing," according to the report.

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