Conjoncture Flash February 2019

Luxembourg industrial output was more dynamic than that of the euro zone in late 2018, but not over the year as a whole. As Luxembourg and European industrial business cycles are relatively well synchronised, the trend reversal seen in the euro zone since 2018 is a negative signal for Luxembourg industry over the short term. Industrial job creations also seem to have entered a slowing phase since the 2nd half of 2018.