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Banque Centrale du Luxembourg : Statistical press release -

11/27/2020 | 05:43am EST
Consumer confidence survey
27.11.2020

The Banque centrale du Luxembourg's consumer confidence indicator has declined in November 2020.

The components of the indicator have evolved in various ways this month. In November, households' perceptions of their past personal financial situation have improved again. Households' expectations regarding their personal financial situation have stabilised whereas those regarding the general economic situation in Luxembourg have strongly deteriorated. In the meantime, their intentions in terms of major purchases have been significantly lowered.

In total, the consumer confidence indicator, which is the arithmetic mean of the four components[1], has declined in November 2020.

The results are presented in the table below:

Consumer confidence indicator

Expected general economic situation in Luxembourg

Perception of financial situation of households

Expected financial situation of households

Intended spending on major purchases

2018

November

2

8

4

6

-12

December

-1

8

2

3

-16

2019

January

1

6

3

6

-13

February

-1

3

-1

5

-12

March

1

2

1

7

-4

April

0

4

1

2

-7

May

1

3

6

5

-8

June

-1

6

0

6

-14

July

-1

4

-2

6

-12

August

0

5

-1

6

-11

September

-3

-3

-4

4

-10

October

-5

-8

-2

2

-11

November

-2

0

-2

6

-12

December

-2

-6

-1

5

-7

2020

January

-4

-9

-2

1

-5

February

-3

-5

4

0

-9

March

-10

-24

-1

-1

-14

April

-24

-55

-4

-16

-20

May

-17

-39

-2

-7

-19

June

-9

-24

-4

-3

-6

July

-11

-24

-6

-3

-13

August

-16

-33

-8

-3

-19

September

-12

-15

-6

-6

-19

October

-9

-21

-3

-1

-11

November

-13

-36

2

-1

-17

Note: The consumer confidence indicator results from the average of balances related to (1) consumers' expectations of the general economic situation in Luxembourg; (2) the perception of their financial situation over the past 12 months; (3) their expected financial situation over the next 12 months; and (4) their intended spending on major purchases (furniture, electrical devices…). Balances are constructed as the difference between the percentages of respondents giving positive and negative replies.

This survey is co-financed by the European Commission.

[1] The four components of the consumer confidence indicator are seasonally adjusted.

Disclaimer

Banque Centrale du Luxembourg published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 10:42:01 UTC


© Publicnow 2020
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