Netherlands Consumer Confidence April 2017

Netherlands

Netherlands: Consumer confidence hits multi-year high in April

April 20, 2017

The seasonally adjusted consumer confidence indicator produced by Statistics Netherlands rose from March’s revised plus 24 points (previously reported: plus 16 points) to plus 26 points in April, the highest reading in over sixteen years. Statistics Netherlands revised its dataset with a new methodology which will continue to be used going forward. The index thus moved further above the 0-point threshold which indicates that optimistic consumers outnumber pessimistic consumers.

Consumer confidence improved mainly on the back of more upbeat sentiment regarding the economic climate and an increased willingness to buy. In terms of the economic climate, consumers grew more positive about both the economic outlook for the next 12 months and the economic situation over the past 12 months. Regarding their willingness to buy, consumers were more inclined to buy big ticket items, and they were also more optimistic regarding their personal financial situation.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.6% in 2017, which is up 0.1 percentage points from last month’s estimate. In 2018, the panel expects private consumption to grow 1.4%.


Author: Massimo Bassetti, Economist

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Netherlands Consumer Confidence April 2017

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


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