Luxembourg's economy contracted for the first time in a year in the fourth quarter amid a sharp fall in investments, preliminary estimates from the statistical office STATEC showed on Friday.
Gross domestic product dropped 0.1 percent sequentially, reversing a 1.2 percent growth in the third quarter.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.