Consumer confidence in Luxembourg compared to Europe 2018-2020

This statistic shows the consumer confidence in Luxembourg compared to Europe from October 2018 to August 2020. Overall, the Luxembourg consumer is more positive than the European average. A consumer confidence indicator characterizes the general opinion of consumers in a defined period and is designed to show how optimistic or pessimistic consumers feel about the financial situation of households and how various factors, such as unemployment or savings expectations, affect their future behavior. Respondents are asked questions in a survey, with both positive and negative answers being possible. The number of positive and negative answers to each of the questions are totaled, leading to the indicator.