Consumer confidence survey

Consumer confidence stabilises in January 2026.

The consumer confidence indicator established by the Banque centrale du Luxembourg has stabilised in January 2026.

The components of the indicator showed contrasting trends this month. In January, households significantly revised upwards their expectations regarding the general economic situation in Luxembourg, while they significantly lowered their expectations regarding their own future financial situation. Nevertheless, their perceptions of their past financial situation and their intentions in terms of major purchases remained stable.

In total, the consumer confidence indicator – which is the arithmetic mean of the four components[1] – has stabilised in January 2026.

The results are presented in the table below:

		Consumer confidence indicator	Expected general economic situation in Luxembourg	Perception of financial situation of households	Expected financial situation of households	Intended spending on major purchases
2024	January	-12	-18	-7	-3	-21
	February	-13	-19	-13	-5	-15
	March	-10	-16	-5	1	-22
	April	-8	-9	-6	2	-21
	May	-11	-16	-5	-2	-21
	June	-10	-13	-11	1	-16
	July	-13	-13	-10	-5	-24
	August	-13	-13	-3	-5	-31
	September	-10	-11	-6	-2	-20
	October	-10	-8	-8	1	-24
	November	-13	-16	-13	-1	-24
	December	-13	-15	-10	-4	-20
2025	January	-8	-14	-2	-1	-14
	February	-11	-21	-8	-2	-14
	March	-12	-17	-6	0	-25
	April	-16	-34	-6	-5	-21
	May	-7	-13	-5	0	-11
	June	-12	-18	2	-1	-31
	July	-10	-21	-7	3	-16
	August	-9	-21	1	2	-19
	September	-11	-21	-3	-2	-16
	October	-10	-9	-9	1	-21
	November	-5	-16	-2	-1	-2
	December	-8	-16	-4	2	-16
2026	January	-8	-11	-4	-1	-16

Note: The consumer confidence indicator results from the average of balances related to (1) consumers’ expectations of the general economic situation in Luxembourg; (2) the perception of their financial situation over the past 12 months; (3) their expected financial situation over the next 12 months; and (4) their intended spending on major purchases (furniture, electrical devices…). Balances are constructed as the difference between the percentages of respondents giving positive and negative replies.

 

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

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