Luxembourg: Economic sentiment drops in August
Latest reading: Economic sentiment came in at 93.7 in August, down from July’s 98.9. August’s result marked the worst reading since December 2024. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial sector. That said, sentiment in the construction sector and among consumers improved.