Consumer Confidence Survey

Consumer confidence rebounds in August 2016.

The Banque centrale du Luxembourg’s consumer confidence indicator has rebounded in August 2016.

All the components of the indicator have evolved favourably this month, with the exception of households’ expectations about the economic situation in Luxembourg which have noticeably deteriorated.

Households’ concerns about unemployment in Luxembourg have strongly decreased in August. Households have also substantially revised upwards both their expectations about their personal financial situation and their expectations about their capacity to save. In total, the consumer confidence indicator, which is the arithmetic mean of the four components, has increased in August 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	September	-7	-18	38	-7	36
	October	-8	-19	41	-8	35
	November	-3	-16	33	-7	43
	December	-6	-21	31	-8	37
	January	-4	-25	28	-5	41
2015	February	-3	-23	24	-7	41
	March	0	-15	21	-4	42
	April	-2	-17	24	-4	36
	May	1	-7	24	-2	35
	June	2	-7	20	0	36
	July	1	-8	23	-2	36
	August	2	-10	24	-2	45
	September	1	-9	26	0	41
	October	0	-10	27	-2	41
	November	-1	-12	28	0	35
	December	1	-10	21	-1	38
	January	5	-10	12	-1	43
2016	February	6	-4	10	0	38
	March	8	-6	11	1	46
	April	10	-3	7	5	45
	May	7	-5	1	3	32
	June	8	-1	8	1	41
	July	10	-1	6	2	45
	August	7	0	12	1	41
	September	10	-3	5	5	44

 

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.

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