The Central Bank of Luxembourg published results from its December 2024 consumer survey, showing a modest rebound in the consumer confidence indicator to -13, compared with -14 in November, despite mixed movements across the underlying components. Households’ expectations for the general economic situation over the next 12 months edged up to -15 (from -16), while expectations for their own future financial situation deteriorated to -5 (from -1). By contrast, perceptions of households’ past financial situation improved to -10 (from -13) and intentions to make major purchases strengthened to -21 (from -25). The headline indicator is the arithmetic mean of four seasonally adjusted components, each expressed as a balance between the weighted shares of consumers expecting improvement and those expecting deterioration.
Central Bank of Luxembourg 2025-01-08
Central Bank of Luxembourg reports consumer confidence indicator improving to -13 in December 2024
The Central Bank of Luxembourg's December 2024 consumer survey indicates a slight improvement in the consumer confidence indicator to -13 from -14 in November. While households' expectations for the general economic situation improved slightly, their outlook on personal financial situations worsened. However, perceptions of past financial situations and intentions for major purchases showed positive trends.