Luxembourg: Economic sentiment increases in May
Latest reading: Economic sentiment increased to 97.2 in May, following April’s 96.0. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In May, sentiment improved in the industrial sector (-17.5 vs -19.7 in April), the construction sector (-10.5 vs -12.6 in April) and among consumers (-13.3 vs -14.1 in April).