Prince Henri Auditoire 02 BW

Consumer Confidence Survey

01.06.2017

Consumer confidence recovers and hits a new record high in May 2017.

The Banque centrale du Luxembourg’s consumer confidence indicator has rebounded in May 2017 and reached a record high.

The components of the indicator have evolved heterogeneously this month.

Households’ expectations about the general economic situation in Luxembourg have continued to increase in May and reached a new record high. Their concerns about unemployment in Luxembourg have decreased strongly and reached a historically low level. The component related to their personal financial situation has deteriorated again and the one related to their capacity to save has remained stable. The consumer confidence indicator, which is the arithmetic mean of the four components, has rebounded and has hit a new record high in May 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

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

 

March

16

3

-4

8

49

 

April

15

6

-1

3

49

 

May

17

7

-8

2

49

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.