Netherlands Consumer Confidence

Netherlands

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.

FocusEconomics Consensus Forecast panelists see private consumption contracting 0.3% in 2014, which is unchanged from last month’s estimate. In 2015, the panel expects private consumption to expand 0.6%, which is unchanged from last month’s estimate.


Author: Teresa Kersting, Economist

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Netherlands Consumer Confidence November 2014 1

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


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