BCL:CONSUMER CONFIDENCE SURVEY
CE CONTENU EST ÉGALEMENT DISPONIBLE EN FRANÇAIS
The Banque centrale du Luxembourg’s consumer confidence indicator has decreased slightly in February 2024.
All the components of the indicator have evolved unfavourably this month, with the exception of households’ intentions in terms of major purchases, which have increased considerably. In February, households have downgraded moderately their expectations for both the general economic situation in Luxembourg and their personal financial situation. In the meantime, households have lowered drastically their perception regarding their past financial situation.
In total, the consumer confidence indicator, which is the arithmetic mean of the four components[1], has decreased slightly in February.
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 |
|
2022 |
February |
-7 |
-3 |
-9 |
-7 |
-10 |
|
|
March |
-24 |
-44 |
-12 |
-18 |
-21 |
|
|
April |
-22 |
-33 |
-17 |
-18 |
-19 |
|
|
May |
-22 |
-34 |
-16 |
-16 |
-20 |
|
|
June |
-23 |
-40 |
-16 |
-18 |
-20 |
|
|
July |
-24 |
-45 |
-15 |
-17 |
-18 |
|
|
August |
-26 |
-41 |
-20 |
-17 |
-27 |
|
|
September |
-30 |
-47 |
-17 |
-30 |
-25 |
|
|
October |
-26 |
-40 |
-16 |
-25 |
-24 |
|
|
November |
-24 |
-37 |
-14 |
-13 |
-30 |
|
|
December |
-20 |
-27 |
-16 |
-16 |
-20 |
|
2023 |
January |
-16 |
-23 |
-14 |
-8 |
-20 |
|
|
February |
-16 |
-18 |
-17 |
-5 |
-26 |
|
|
March |
-13 |
-17 |
-13 |
-4 |
-19 |
|
|
April |
-18 |
-22 |
-17 |
-6 |
-28 |
|
|
May |
-16 |
-24 |
-13 |
-4 |
-23 |
|
|
June |
-14 |
-17 |
-14 |
-4 |
-19 |
|
|
July |
-18 |
-19 |
-18 |
-5 |
-30 |
|
|
August |
-14 |
-23 |
-8 |
-2 |
-23 |
|
|
September |
-17 |
-25 |
-11 |
-4 |
-27 |
|
|
October |
-17 |
-18 |
-18 |
-7 |
-26 |
|
|
November |
-15 |
-14 |
-10 |
-6 |
-32 |
|
|
December |
-13 |
-10 |
-9 |
-4 |
-29 |
|
2024 |
January |
-12 |
-18 |
-7 |
-4 |
-20 |
|
|
February |
-13 |
-20 |
-14 |
-5 |
-11 |
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.
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