Economy & Politics

Consumers still shy about their projects

The Banque centrale du Luxembourg notes an improvement in household confidence in Luxembourg’s economic future. But not enough to push them to invest.

The Banque centrale du Luxembourg notes an improvement in household confidence in Luxembourg’s economic future. But not enough to push them to invest.

(md) According to consumers, the economic situation in the Grand Duchy will continue to improve. This is the result of the study published this Monday by the Central Bank of Luxembourg (ECB). Thus, compared to April, Luxembourg households are twice as optimistic for the next twelve months. If the ECB did not question the people interviewed on the reasons for this confidence, the gradual decline in unemployment (from 6.4% to 6.1%), the marked decline in the covid epidemic or even optimism. some players in the financial center may have played.

In contrast, households are much more pessimistic about their own financial situation. Thus, Luxembourg consumers are three times less confident than in April when it comes to the state of their finances by spring 2021. Moreover, they are less and less planning to make major purchases. ‘it is a car or real estate.

However, with 6.2 billion euros saved in 2020 by resident households and the 2,000 salaried jobs created, the margin is significant. The difficulties that persist in certain sectors, the increase in judicial liquidations or the still uncertain future of certain state aid could fuel this uncertainty.


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