Households have never been happier in Luxembourg, it would seem
Households have never been happier in Luxembourg, it would seem, as a survey found consumer confidence at a historic high in January.
Figures published by the BCL on the website of statistics office Statec (pdf) showed an improvement in all five indicators used in the survey, while consumer confidence was at 20, the highest score recorded since the index was begun in 2002.
The figure rose from 15 in December 2017 and almost doubled compared to January 2017 when it was 11.
Households’ outlook on the general economic situation in Luxembourg over the coming 12 months more than tripled, from 4 in December 2017 to 15 in January 2018, marking a meteoric improvement compared to January 2017, when the figure was 0.
The one-year outlook on unemployment improved, dropping from -5 to -8 in January.
Households’ own financial situations were looking rosier in January, with an index of 6, up from 2 in December, while their expectations to put money into savings rose from 47 to 49.
The latter indicator was around 51-52 in October and November of 2017, but otherwise has remained in the forties since December 2016 when it peaked at 52.
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