Prince Henri Auditoire 02 BW

Consumer Confidence Survey

28.06.2018

Consumer confidence stabilises in June 2018.

The Banque centrale du Luxembourg’s consumer confidence indicator has stabilised in June 2018.

The components of the indicator have evolved heterogeneously this month.

In June, households’ expectations about both the general economic situation in Luxembourg and their personal financial situation have deteriorated. In the meantime, households have favourably revised their expectations about both unemployment in Luxembourg and their capacity to save. In total, the consumer confidence indicator, which is the arithmetic mean of the four components[1], has stabilised in June 2018.

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

2016

June

10

-1

7

2

45

 

July

8

0

11

1

41

 

August

10

-3

4

4

44

 

September

6

-2

9

2

34

 

October

6

-5

9

6

31

 

November

10

1

3

5

38

 

December

13

-1

3

5

52

2017

January

11

0

5

5

44

 

February

10

1

3

3

40

March

16

2

-3

8

49

 

April

14

6

-1

2

47

 

May

16

8

-6

2

48

 

June

14

6

0

4

46

 

July

14

9

0

3

44

 

August

13

7

2

3

44

 

September

15

11

3

6

45

 

October

17

11

-3

3

51

 

November

18

10

-4

6

52

 

December

15

4

-5

2

47

2018

January

20

15

-8

6

49

 

February

18

10

-7

3

51

March

15

4

-5

6

44

 

April

13

4

-5

3

38

 

May

14

6

1

5

44

 

June

14

3

-2

4

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.

This survey is co-financed by the European Commission.

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