Prince Henri Auditoire 02 BW

Consumer Confidence Survey

27.02.2017

Consumer confidence stabilises in February 2017.

The Banque centrale du Luxembourg’s consumer confidence indicator has stabilised in February 2017.

The components of the indicator have evolved heterogeneously this month.

Households’ expectations about the general economic situation in Luxembourg have remained stable in February and their concerns about unemployment in Luxembourg have decreased. The components related to both their personal financial situation and their capacity to save have declined. In total, the consumer confidence indicator, which is the arithmetic mean of the four components, has stabilised in February 2017.[1]

The results are presented in the table below: 

 

 

 

Expectations over the next 12 months

 

 

Consumer confidence indicator

General economic situation in Luxembourg

Unemployment in Luxembourg

Financial situation of households

Savings of households

2015

February

0

-15

22

-4

40

 

March

-3

-18

25

-4

36

 

April

1

-5

25

-2

36

 

May

2

-9

21

0

37

 

June

0

-11

23

-2

37

 

July

2

-12

23

-2

46

 

August

1

-10

26

0

42

 

September

0

-14

26

-2

41

 

October

-1

-10

27

0

34

 

November

3

-7

21

-1

39

 

December

5

-6

13

-1

41

2016

January

5

-3

11

0

35

 

February

7

-5

11

1

45

 

March

9

-4

8

5

44

 

April

8

-4

3

3

34

 

May

8

-3

8

2

42

 

June

10

-3

7

2

46

 

July

7

-3

11

1

41

 

August

10

-4

5

5

45

 

September

5

-5

10

1

35

 

October

6

-3

10

7

31

 

November

11

2

3

5

40

 

December

14

4

3

5

50

2017

January

10

1

6

4

41

February

10

1

3

3

38

Note: The consumer confidence indicator results from the average of balances related to consumers’ expectations of (1) the general economic situation and (2) unemployment (inverted sign) in Luxembourg, of (3) their financial situation and (4) their future savings. Balances are constructed as the difference between the percentages of respondents giving positive and negative replies. In terms of unemployment, a positive reply means an unfavourable development in the labour market.

This survey is co-financed by the European Commission.

[1] The four components of the consumer confidence indicator are seasonally adjusted.