The confidence of consumers is increasing in Luxembourg while decreasing in the EU

Published: 2019-03-29

In March the confidence of consumers in Luxembourg increased somewhat compared to the same month last year, up from -2.2 to 0.9.

In the same time, EU countries consumers confidence have decreased somewhat, down from -4.4 to -7.1 on average.

Luxembourg now has the fifth highest confidence of consumers in the EU compared to the other 28 countries. Poland has the highest confidence of consumers (6.4 points), while Greece ranks last (-31.6 points).

The confidence of consumers is increasing in Luxembourg while decreasing in the EU

Confidence of consumers in EU countries

The whole country2019 (March)2018 (March)Change
Austria-1.41.4-2.8
Belgium-9.3-1.9-7.4
Bulgaria-25.4-17.3-8.1
Croatia-6.2-9+2.8
Cyprus-7.6-1.4-6.2
Czech Republic1.77.2-5.5
Denmark47.2-3.2
Estonia0.8-0.2+1
Finland0.46.6-6.2
France-10.8-6.3-4.5
Germany-20.2-2.2
Greece-31.6-52.1+20.5
Hungary-4.42.6-7
Ireland-1.510.3-11.8
Italy-13.1-11.3-1.8
Latvia-3.4-4.6+1.2
Lithuania5-1.9+6.9
Luxembourg0.9-2.2+3.1
Malta-0.615.3-15.9
Netherlands-8.34.1-12.4
Poland6.42.1+4.3
Portugal-10.9-3.7-7.2
Romania-13.7-16.6+2.9
Slovakia-8.3-9.2+0.9
Slovenia-7.4-3.9-3.5
Spain-2-5.9+3.9
Sweden-0.52.3-2.8
United Kingdom-11.7-5.9-5.8

About the consumer confidence indicator

This indicator is based on consumers surveyed on their financial situation, general economic situation, price trends, unemployment, major purchases and savings, intention to buy a car, purchase or build a home, home improvements.

For all surveys the difference between positive and negative answers (in percentage points of total answers) are averaged to calculate an indicator.


Notes
The economic sentiment indicator (ESI) is calculated as an index with mean value of 100 and standard deviation of 10 over a fixed standardised sample period.

Get the data
As excel file As csv file

The data has been gathered from Eurostat. Get the original data here.

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