Netherlands Consumer Confidence

Netherlands

Netherlands: Consumer confidence improves but remains in pessimistic territory

October 20, 2014

The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) rose from September’s minus 7.0 points, which had marked the lowest reading in six months, to minus 3.0 points in October. October’s reading represents the first improvement in confidence after two consecutive months of decline. Nevertheless, the index stays below the 0-point threshold, which indicates that pessimists outnumber optimists. CBS states that improving confidence reflects that, “optimism about [the] economy [is] returning again.”

According to the CBS, consumers’ opinions of the general economic climate improved compared to the last month, as consumers assessed the economic climate in both the past 12 months and the coming 12 months more positively. Consumers’ willingness to buy was virtually unchanged, reflecting that consumers were slightly less pessimistic about their personal financial situation in the next 12 months but somewhat more negative about the time to buy large-ticket items.

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 Chart


Netherlands Consumer Confidence October 2014 0

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


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