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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
LuxembourgLuxembourg Consumer Confidence climbed to -15.6 in January 2023
FMPMonthlyReleased January 2023
Luxembourg Consumer Confidence climbed to -15.6 in January 2023, up 5.3 from December's -20.9 reading. The print exceeded the -20.5 consensus by 4.9. Consumer Confidence has now risen for 5 consecutive months. Over the past 3 months, Consumer Confidence averaged -22.15, vs -27.67 in the prior 3-month window. Consumer Confidence is now the highest in 10 months.
Latest Release
-15.6
Actual
-20.5
Consensus
-20.9
Previous
Median Absolute Error
±2.88
across last 12 releases
Last Call
Jan 2023
Predicted: -16.03
Actual: -15.6
Error: -0.42
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Luxembourg) was reported at -15.60 in January 2023. This beat the market consensus of -20.50 by 4.90. The reading rose from the previous value of -20.90.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -19.97, up from the prior three at -27.67.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 2.88.
Auto-generated from current model state · Refreshes on each release · Last update January 2023.
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Consumer Confidence - LU
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About Consumer Confidence — Luxembourg
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2023): actual -15.6, consensus -20.5. Prior reading (Dec 2022): -20.8. Before that (Nov 2022): -23.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.