India, Oct. 7 -- Luxembourg's economy logged a renewed contraction in the second quarter, preliminary estimates from the statistical office STATEC showed on Wednesday.
Gross domestic product dropped 0.9 percent sequentially, reversing a revised 0.3 percent growth in the second quarter.
The expenditure breakdown showed that gross fixed capital formation declined 1.9 percent compared to a 6.3 percent surge in the previous quarter. Final consumption expenditure of households dropped 0.3 percent, while the general government consumption increased at a slower pace of 1.1 percent versus 1.8 percent in the first quarter. Both exports and imports decreased by 0.4 percent and 0.8 percent, respectively.
For comments and feedback contact: editorial...