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It went from +25.9 in January 2018 to +26 in February 2018.

“The rise reflects a surge in confidence among Luxembourg manufacturers,” the consulting firm said.

Since November 2015, the index’s high-water mark was +34.3 in April 2016; its lowest score was -14.8 in July 2016.

The barometer is based on data from Statec, Luxembourg’s statistics agency, and the German research institution ZEW. It is “designed to provide a monthly snapshot of the economic climate in Luxembourg.”