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The indicator for July reached 17, an improvement of 3 points in comparison with June 2018 and up 9 points since July 2017. Expectations for the next 12 months for the general economic condition in Luxembourg reached 8, five points higher than in June 2018. Expectations for unemployment have deteriorated to arrive at 3 points, up from -2 the month before. In general, the financial situation of households look positive with a rating of 6 and increase of 2 points since June 2018 and up 5 places in comparison with July 2017.

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.