Netherlands: Consumer confidence falls to all-time low in April
Consumer confidence came in at minus 48.0 in April, down from March’s minus 39.0. April’s result marked the worst performance on record as the war in Ukraine weighs heavily on sentiment. As a result, the index moved further south of the neutral zero-threshold and indicates prevalent pessimism among consumers.
The headline drop came on the back of deteriorating views on the economic climate in the next 12 months and the past 12 months. Greater inflationary forces on the back of Russia’s invasion of Ukraine will have in part impacted consumers’ view on the economy. Consequently, consumers’ attitudes towards their financial situation in the year ahead and the past year deteriorated. As such, consumers’’ willingness to buy dropped to its lowest level ever.