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Consumer confidence survey

08.01.2019

Consumer confidence picks up in December 2018.

The Banque centrale du Luxembourg’s consumer confidence indicator has picked up in December 2018.

The components of the indicator have evolved heterogeneously this month.

In December, households’ expectations about the general economic situation in Luxembourg have remained unchanged and their concerns related to unemployment, while strongly receding, have reached a new historical minimum. In the meantime, households’ expectations about their personal financial situation have decreased while those about their capacity to save have improved.

In total, the consumer confidence indicator, which is the arithmetic mean of the four components[1], has picked up in December 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

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

 

July

17

8

3

6

56

 

August

13

2

2

6

44

 

September

14

4

-2

2

48

 

October

18

4

-4

7

58

 

November

16

8

-4

6

47

 

December

17

8

-9

3

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.