Luxembourg: Economic sentiment picks up in October
Economic sentiment came in at 95.3 in October, up from September’s 93.0. October’s result marked the strongest sentiment since March.That said, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and weaker sentiment in the construction sector. Meanwhile, consumer confidence cooled in October.