Luxembourg Business Compass 2013

Twelve-month outlook for the Luxembourg economy


What do you think, how will the Luxembourg economy develop in the next 12 months? Please tell us using this scale: +5 would mean you think it will "grow very strongly", -5 that it will "contract very strongly", and 0 would mean that you expect the economy will stagnate.

For the first time in two years, Luxembourg business leaders now expect that the country's economy will grow perceptibly over the next 12 months, thus continuing the positive trend which was already detected in the prior survey wave conducted in spring of this year. On an 11-step scale ranging from '-5' ("economy will contract very strongly") to '+5' ("economy will grow very strongly"), respondents chose an average value of +0.4.

This figure represents an increase of 0.7 points on the scale in comparison to the value obtained in April 2013. Nevertheless, expectations are still considerably more cautious than they were in late 2010/early 2011.


KPMG conducts a biannual study with Luxemburger Wort, the Luxembourg Business Compass. The study aims to ascertain business leaders’ expectations regarding future economic trends. It also zooms in on entrepreneurs plans for their own companies' future development. These core elements are supplemented by varying questions pertaining to topical issues in business or politics. The survey is analysed independently by Institut für Demoskopie Allensbach.

Full report Autumn 2013

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