Luxembourg: Economic sentiment drops in June
Latest reading: Economic sentiment dropped to 95.7 in June, following May’s 97.1. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In June, sentiment worsened in the industrial sector (-18.7 vs -17.7 in May) and the construction sector (-13.5 vs -10.7 in May). In contrast, sentiment brightened in among consumers (-12.6 vs -13.3 in May).