Consumer confidence in Luxembourg is on the rise again. In July 2026, the consumer confidence indicator calculated by the Central Bank of Luxembourg (BCL) rebounded, driven by an improvement across all its components. This is an encouraging sign following several months of fragile confidence.

This upturn reflects a more favourable view of the economic situation. Households have revised upwards their expectations regarding the performance of the Luxembourg economy over the next twelve months, as well as their own future financial situation. They also view their financial situation over the past twelve months in a less negative light and are more likely to intend to make major purchases.

In detail, the confidence indicator rose to -10 in July, compared with -14 in June. Expectations regarding the general economic situation improved from -25 to -22, whilst intentions to make major purchases improved from -20 to -15. Households also assessed their past financial situation slightly less harshly, with the figure rising from -9 to -6, whilst expectations regarding their future financial situation returned to 0, after standing at -2 the previous month.

The BCL thus highlights that the four components used to calculate the indicator all showed a positive trend in July. The confidence indicator is the average of households’ expectations regarding the country’s economic situation, their past and future financial circumstances, and their intentions to make major purchases.