Netherlands Consumer Confidence October 2016

Netherlands

Netherlands: Dutch consumer confidence hits over nine-year high in October

Dutch consumer sentiment rose markedly in October. The seasonally-adjusted consumer confidence indicator produced by Statistics Netherlands increased from September’s plus 8 points to plus 12 points in October, the highest reading since August 2007. The index thus moved further above the 0-point threshold, which indicates that optimistic consumers outnumber pessimistic consumers.

Consumer confidence improved mainly on the back of a pronounced increased in households’ willingness to buy. They were also more positive about both the economic outlook for the next 12 months and the economic situation in the past 12 months. In addition, consumers grew more positive about their future financial situation and their financial situation in the last year.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.4% in 2016, which is unchanged from last month’s estimate. In 2017, the panel expects private consumption to accelerate and grow 1.6%, which is also unchanged from last month’s projection.


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Netherlands Consumer Confidence October 2016

Note: Value of consumer confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Netherlands (CBS).


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