The Central Bank of Luxembourg published the November 2025 results of its consumer survey, showing a marked improvement in consumer confidence, with the composite indicator rising to -5. The four seasonally adjusted components moved in opposite directions. Households sharply revised down expectations for the general economic situation in Luxembourg over the next 12 months (to -16) and more moderately lowered expectations for their own future financial situation (to -1). At the same time, perceptions of households’ past financial situation improved (to -1) and intentions to make major purchases increased strongly (to -1), described as a record rise. The confidence indicator is the arithmetic mean of the four balances, defined as the difference between the weighted shares expecting improvement and deterioration.
Central Bank of Luxembourg reports consumer confidence indicator rises to -5 in November 2025
The Central Bank of Luxembourg's November 2025 consumer survey indicates a rise in consumer confidence, with the composite indicator improving to -5. Despite a sharp decline in expectations for Luxembourg's general economic situation (-16), households reported improved perceptions of their past financial situation and a record rise in intentions to make major purchases, both at -1.