Netherlands Consumer Confidence June 2019

Netherlands

Netherlands: Consumer confidence improves in June

June 20, 2019

Consumer sentiment in the Netherlands rose from minus 3 in May to a neutral 0 in June, coming above the long-term average over the last 20 years of minus 4 and marking the first time since January that pessimism did not reign supreme.

The improvement in sentiment levels was particularly driven by a sunnier outlook on the economic climate. Consumers were more optimistic about the Dutch economy over the past 12 months and while the outlook on the economy in the next 12 months also improved, it remained entrenched in pessimism. Meanwhile, consumers’ willingness to make purchases also increased but remained in negative territory. This was driven by households’ less pessimistic view of their financial situation in both the past 12 and the next 12 months. Consumers also find the current time more favorable for purchasing big ticket items.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.6% in 2019, which is unchanged from last month’s estimate. In 2020, the panel expects private consumption to grow 1.7%.


Author:, Economist

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Netherlands Consumer Confidence June 2019 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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