Netherlands Consumer Confidence August 2021

Netherlands

Netherlands: Consumer confidence declines in August

August 23, 2021

Sentiment levels among Dutch consumers retreated midway through the third quarter, likely influenced by lingering lockdown measures. Consumer confidence declined to minus 6 in August from minus 4 in July.

The downtick was driven by a deterioration in views on the general economic situation, and consumers’ willingness to buy. Attitudes towards the economic climate worsened on the back of less optimism regarding the economy in the year ahead; lingering uncertainty regarding the course of the pandemic likely played a part in this. Consumers’ willingness to buy fell into negative territory on the heels of more negative views on the financial situation of households in the past 12 months, and less upbeat views on households’ financial situation in the year ahead. Moreover, consumers consider the current time more unsuited to make major purchases.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.3% in 2021, which is unchanged from last month’s forecast. In 2022, the panel expects private consumption to grow 5.0%.


Author:, Economist

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Netherlands Consumer Confidence August 2021

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


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