Luxembourg: Economic sentiment hits highest reading since February 2022 in May
Latest reading: Economic sentiment jumped to 104.6 in May from April’s 98.9. May’s result marked the best reading since February 2022. As a result, the index moved above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected improved sentiment in the industrial sector and among consumers. Meanwhile, sentiment in the construction sector deteriorated.