A river under the bridge in the Netherlands

Netherlands Consumer Confidence June 2023

Netherlands: Consumer confidence falls in June

Consumer confidence came in at minus 39.0 in June, down from May’s minus 38.0. As a result, the index remained below the 0-threshold, indicating pessimism among consumers.

The deterioration was almost broad-based. Consumers were slightly less pessimistic about the economy in the past 12 months but were more negative about it the next 12 months. Moreover, they were more pessimistic about their financial situation over both the past 12 months and the next 12 months. Consumers were also more negative about their willingness to make large purchases.

Consumer pessimism should gradually decline due to energy price caps, rising wages and lower inflation. That said, high levels of private debt and further rate hikes from the ECB will continue to make large purchases less attainable, capping the gains. Falling house prices—they declined 6% year on year in May—are a key factor to watch. On the one hand, the recent decline will increase affordability. On the other hand, it reduces the net worth of existing homeowners.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest