Netherlands: Consumer confidence deteriorates in November
November 20, 2014
The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) fell from October’s minus 3.0 points to minus 8.0 points in November, thus reaching the lowest level in 9 months. As a result, the index in now further below the 0-point threshold, which indicates that pessimists outnumber optimists.
According to the CBS, November’s deterioration came on the back of consumers’ less-optimistic view of the economic situation. In addition, their opinions about the economic climate over the past 12 months and the next 12 months deteriorated. On the other hand, households’ willingness to make large purchases as well as their opinions on their personal financial situation in the next 12 months were unchanged over the previous month.