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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 January 2023 reading rose from the previous value of -20.9. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±2.88. Historically, this indicator is positively correlated with EUR/USD (Watch) and negatively correlated with USD/JPY (Watch).
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Consumer Confidence - LU
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