Prince Henri Auditoire 02 BW

Consumer Confidence Survey

26.02.2016

Consumer confidence improves again in February 2016.

The Banque centrale du Luxembourg’s consumer confidence indicator has improved again in February 2016.

The dynamics of the underlying components of the indicator have been mixed in February.

Households have decreased their expectations about the economic situation in Luxembourg and their concerns about unemployment in Luxembourg have increased. Households have slightly revised upwards their expectations about their financial situation whereas those about their capacity to save have rebounded sharply. In total, the consumer confidence indicator, which is the arithmetic mean of the four components, has increased in February 2016.[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

2014

February

-2

-9

34

-6

43

 

March

-2

-12

32

-7

44

 

April

-6

-19

35

-6

36

 

May

-4

-14

36

-8

41

 

June

0

-9

30

-3

43

 

July

-3

-8

38

-8

41

 

August

-7

-18

38

-7

36

 

September

-8

-19

41

-8

35

 

October

-3

-16

33

-7

43

 

November

-6

-21

31

-8

37

 

December

-4

-25

28

-5

41

 2015

January

-3

-23

24

-7

41

February

0

-15

21

-4

42

 

March

-2

-17

24

-4

36

 

April

1

-7

24

-2

35

 

May

2

-7

20

0

36

 

June

1

-8

23

-2

36

 

July

2

-10

24

-2

45

 

August

1

-9

26

0

41

 

September

0

-10

27

-2

41

 

October

-1

-12

28

0

35

 

November

1

-10

21

-1

38

 

December

5

-10

12

-1

43

 2016

January

6

-4

10

0

38

February

8

-6

11

1

46

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.

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