Industrial Production in Luxembourg
Luxembourg's economy registered an average growth rate of 2.7% in industrial production in the decade to 2022, which is above the 1.1% average for the Euro Area. In 2022, industrial production growth was 17.2%. For more industry information, visit our dedicated page.
Luxembourg Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Luxembourg from 2014 to 2023.
Source: Macrobond.
Luxembourg Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -3.2 | -10.8 | 8.3 | -3.6 | -4.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Luxembourg industry projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Luxembourg industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Luxembourg industry projections.
Want to get access to the full dataset of Luxembourg industry forecasts? Send an email to info@focus-economics.com.