The Central Bank of Luxembourg published its consumer survey showing the consumer confidence indicator fell markedly in February 2025, with all four components deteriorating. Households’ assessment of their past financial situation worsened and expectations for the general economic situation in Luxembourg deteriorated more sharply, while expectations for their own future financial situation and intentions to make major purchases slipped only slightly. The overall indicator, calculated as the arithmetic mean of the four seasonally adjusted components, declined to -12 in February 2025 from -8 in January, driven by a drop in general economic expectations to -21 from -13 and weaker views on past household finances to -9 from -4; the other two components eased to -2 from -1 for future household finances and to -15 from -14 for major purchase intentions.
Central Bank of Luxembourg 2025-02-27
Central Bank of Luxembourg reports sharp fall in consumer confidence in February 2025
The Central Bank of Luxembourg reported a significant decline in the consumer confidence indicator to -12 in February 2025 from -8 in January. This drop was primarily due to worsening expectations for the general economic situation and past household finances, while future financial expectations and major purchase intentions saw slight declines.