STATEC

AcronymDefinition
STATECService Central de La Statistique et des Études Économiques (Luxembourg)
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STATEC now publishes a quarterly indicator based on detailed transaction data covering apartment prices collected by the land registry (Aclministration de l'enregistrement et des clomaines).
Key players operating in the global sack fillers market include Haver & Boecker Company, Webster Griffin Ltd., All-Fill Incorporated, Payper, S.A, Concetti S.P.A, Fres-co System USA, Inc., Wolf Verpackungsmaschinen GmbH, Barry-Wehmiller Companies, Imanpack Packaging, Statec Binder GmbH, Hassia-Redatron GmbH, Premier Tech Chronos, Mondial Pack S.r.l, Robert Bosch Packaging Technology GmbH, and Inpak Systems, Inc., among others.
Estimates of potential output growth from STATEC were revised down for the ten years from 2001, leading to a substantial reduction in the potential growth rate to around 2% over the forecasting horizon (STATEC, 2009a).
Econometric estimates of the impact of the financial sector on the economy suggest that a 1% drop in financial-sector real value added would have a negative impact on the Luxembourg economy as a whole, with a first-year effect of a decline by 0.6% and in each of the following two years a decline of 0.3% (STATEC, 2008).
In addition, the number of long-term unemployed increased by about 10% in 2007 (STATEC, 2008).
For more information on this revision of Luxembourg's national accounts, see STATEC (2006, statnews No.