Consumer confidence recovers in May 2018

The Banque centrale du Luxembourg’s consumer confidence indicator has increased moderately in May 2018. All the components of the indicator have evolved favourably this month with the exception of that related to households’ expectations about unemployment in Luxembourg, which has strongly deteriorated.

In May, households’ expectations about both the general economic situation in Luxembourg and their personal financial situation have improved somewhat. In the meantime, households have considerably revised upwards their expectations about their capacity to save. In total, the consumer confidence indicator, which is the arithmetic mean of the four components, has increased moderately in May 2018.