Households were twice as optimistic about the country’s economy this month compared to August.
The survey score for “general economic situation in Luxembourg” increased from 2 to 4 points. That’s according to the monthly consumer confidence survey released by the Luxembourg Central Bank (BCL) on 27 September. The survey measures households “expectations over the next 12 months” on a seasonally adjusted basis.
Households also thought their own “capacity to save” would improve: the score increased from 44 to 48 points.
On the other hand, “households’ expectations about their personal financial situation” deteriorated notably, dropping from 6 points in August to 2 points in September. Luxembourg residents were similarly pessimistic about unemployment: the score fell from +2 to -2 points.
The overall consumer confidence indicator rose from 13 to 14 points.
The indicator hit 17 points in July, 18 points in February and 20 points in January of this year.