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Consumer confidence reaches a record level in January 2018
31-01-2018 | BCL


The Banque centrale du Luxembourg’s consumer confidence indicator has reached a record level in January 2018. All the components of the indicator have evolved favourably this month. In January, households’ expectations about the general economic situation in Luxembourg have strongly improved and reached a new record high. Their concerns about unemployment in Luxembourg have continued to decrease and reached a historically low level. Households have markedly revised up their expectations about both their personal capacity to save and their personal financial situation. In total, the consumer confidence indicator, which is the arithmetic mean of the four components1, has recorded a new record high in January 2018.