Consumer confidence survey

Consumer confidence declines slightly in March 2025.

 

The Banque centrale du Luxembourg’s consumer confidence indicator has declined slightly in March 2025.

The components of the indicator have evolved in various ways this month. In March, households’ perceptions of their past financial situation improved significantly. Similarly, households’ expectations regarding both the general economic situation in Luxembourg and their own future personal financial situation improved. However, their intentions with regard to major purchases declined sharply.

In total, the consumer confidence indicator, which is the arithmetic mean of the four components[1], has declined slightly in March 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	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
	March	-13	-18	-7	0	-25

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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