Luxembourg: Economic sentiment falls in March
Latest reading: Economic sentiment dropped to 97.9 in March, following February’s 99.5. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In March, sentiment worsened in the construction sector (-12.5 vs -9.6 in February) and among consumers (-15.4 vs -6.2 in February). In contrast, sentiment turned more upbeat in the industrial sector (-13.9 vs -19.4 in February).