Luxembourg consumer confidence improved in April 2026, according to the Central Bank of Luxembourg, as households became less cautious about their own finances and spending plans.
The consumer confidence indicator rose to -13 in April from -16 in March, partially reversing the deterioration recorded a month earlier. The BCL stated that all components of the indicator evolved favourably in April, except households’ expectations for the general economic situation in Luxembourg, which deteriorated once again. The improvement suggests households are becoming more willing to spend, even as they remain concerned about the wider economic backdrop.
Spending intentions rebound
The sharpest improvement came in intended spending on major purchases, such as furniture and electrical devices, with households becoming less negative about making larger purchases. The April reading also improved compared with the same month last year, though it remained weaker than the strongest level seen in late 2025.
Households also revised upwards their perception of their past financial situation, with this component reaching its strongest level since last summer. Expectations for households’ own future financial situation also improved, although they remained below the more positive readings recorded earlier in the year.
The weakest part of the survey remained expectations for the general economic situation in Luxembourg, which deteriorated again in April and stayed close to the low point recorded a year earlier. The survey shows that households remain deeply pessimistic about the national economic outlook, even as their views on personal finances and future spending have improved.
Despite the monthly improvement, the headline consumer confidence indicator remained weaker than earlier in the year, after recovering only partly from the sharp fall recorded in March 2026.
The consumer confidence indicator is the arithmetic mean of four components: expectations for the general economic situation in Luxembourg, perceptions of households’ financial situation over the past 12 months, expectations for households’ financial situation over the next 12 months and intended spending on major purchases. Balances are calculated as the difference between the share of positive and negative responses.
