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Consumer confidence in Luxembourg falls
Luxembourg

Consumer confidence in Luxembourg falls

31.05.2013 From our online archive
For the first time since October 2012, Luxembourg consumer confidence sank in May, with fears about unemployment seeing a considerable increase.

(CS) For the first time since October 2012, Luxembourg consumer confidence sank in May, with fears about unemployment seeing a considerable increase.

People were more pessimistic about the general economic outlook, as well as their personal financial situation.

Additionally, fears about unemployment saw a significant increase. Since November 2012, concerns about unemployment had seen a steady decrease. However, the latest unemployment figures seem to have led to a loss in confidence in this area.

Despite these negative perceptions, consumers indicated that they were more optimistic about their ability to save money over the next twelve months.

Overall, consumer confidence fell by three points to a value of –9, representing the difference between the weighted percentages of consumers who expect an improvement versus those who expect a deterioration of the situation over the next twelve months.

For a detailed list of consumer confidence indicators visit bcl.lu