Consumer confidence survey

Consumer confidence declines significantly in February 2025.

 

The Banque centrale du Luxembourg’s consumer confidence indicator has declined significantly in February 2025.

All components of the indicator have evolved unfavourably this month. In February, households’ perceptions of their past financial situation and, even more markedly, their expectations regarding the general economic situation in Luxembourg deteriorated significantly. In the meantime, households’ expectations regarding their own future personal financial situation as well as their intentions in terms of major purchases declined only slightly.

In total, the consumer confidence indicator, which is the arithmetic mean of the four components[1], has improved significantly in February 2025.

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
2023	February	-17	-17	-17	-5	-28
	March	-14	-17	-14	-4	-21
	April	-18	-23	-17	-6	-26
	May	-16	-24	-14	-4	-22
	June	-13	-17	-13	-4	-19
	July	-17	-19	-17	-5	-29
	August	-14	-23	-8	-2	-23
	September	-17	-26	-11	-4	-27
	October	-17	-19	-17	-7	-26
	November	-15	-14	-10	-5	-32
	December	-13	-10	-9	-4	-29
2024	January	-13	-17	-9	-4	-21
	February	-13	-19	-14	-5	-15
	March	-11	-16	-6	1	-22
	April	-8	-9	-6	2	-21
	May	-11	-15	-6	-2	-21
	June	-9	-13	-10	1	-16
	July	-13	-13	-9	-5	-24
	August	-13	-14	-3	-4	-31
	September	-10	-12	-5	-2	-21
	October	-9	-7	-8	1	-24
	November	-13	-16	-12	-1	-24
	December	-12	-15	-9	-5	-21
2025	January	-8	-13	-4	-1	-14
	February	-12	-21	-9	-2	-15

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.

 

 _________________________

 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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