Luxembourg: Economic sentiment records worst reading since July 2023 in July
Economic sentiment fell to 89.3 in July from June’s 95.8. July’s result marked the weakest sentiment in a year. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected worse sentiment in the industrial sector and improved sentiment in the construction sector. Finally, consumer confidence waned in July.