In a report released by the  Central Bank of Luxembourg, after a seasonal adjustment,  consumer confidence has increased.    However the level remains lower than than before the onset of the economic and financial crisis.

The analysis shows that confidence indicators have made positive progress.  The concern about unemployment has reduced and for on the overall economic situation in Luxembourg  the results shown best results since April 2008.  Finally, expectations of households about their financial situation and saving capacity have improved slightly.

Source: BCL

Regarding the question about expectations with regard to unemployment, an increase reflects a negative trend, while a decline indicates a favourable change in expectations.

The time series of the complete results of consumer survey can be downloaded from the website www.bcl.lu

The survey is part of the series in the European Union and co-financed by the European Commission.