Luxembourg: Economic sentiment worsens in August
Latest reading: Economic sentiment dropped to 102.2 in August, following July’s 102.9. The latest reading was above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In August, sentiment worsened in the industrial sector (-12.1 vs -9.5 in July) and the construction sector (-11.5 vs -11.4 in July). On the flipside, sentiment improved in among consumers (-9.1 vs -9.8 in July).