Conjoncture Flash March 2024: Accommodation and food service activities: a lukewarm post-pandemic recovery
Value added in the accommodation & food service sector has recovered significantly after being severely affected by the pandemic. However, it is still struggling to return to pre-crisis levels, unlike employment in the sector, which has risen beyond it. Employment in the accommodation & food service sector remained buoyant towards the end of 2023 but the outlook for the current year is less favourable.
- Recession confirmed in Luxembourg in 2023
- Banking results boosted by interest income
- Stock markets continue to rise
- Conflict in the Red Sea: little impact on inflation so far
- An acceleration in wage costs against a backdrop of indexation
- Marked slowdown in employment in Luxembourg
- Industry mainly responsible for gas savings in Luxembourg
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This publication was produced by Bastien Larue and his team.
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