Netherlands: Consumer confidence inches up in June but remains depressed
June 22, 2020
Consumer confidence rose to minus 27 in June from May's minus 31. As such, the index remained firmly below the 0-threshold separating pessimism from optimism, and the long-term average of minus 5 over the last 20 years.
The uptick in June was driven by a somewhat greater willingness to buy and households’ slightly less pessimistic views on their financial situation in the year ahead. This was likely influenced by the gradual reopening of the Dutch economy. On the other hand, consumers’ views on the general economic situation did not change.