Netherlands Consumer Confidence June 2022

Netherlands

Netherlands: Consumer confidence falls to all-time low but remains optimistic in June

June 22, 2022

Consumer confidence came in at minus 50.0 in June, down from May's minus 47.0. June's result marked the weakest sentiment on record. As such, the index indicated sustained pessimism among consumers.

The downtick was mostly driven by a deterioration in willingness to purchase big-ticket items, which dropped to the lowest level since records began in 1986. Greater pessimism regarding the financial situation of households in the past 12 and the next 12 months influenced the drop. Meanwhile, sentiment regarding the economic climate inched down as consumers’ views on the economy in the year ahead were slightly more negative.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.8% in 2022, which is up 0.1 percentage points from last month’s forecast. In 2023, the panel expects private consumption to grow 2.2%.


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Netherlands Consumer Confidence June 2022

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


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