Netherlands Consumer Confidence June 2020

Netherlands

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.

FocusEconomics Consensus Forecast panelists see private consumption contracting 6.3% in 2020. In 2021, the panel expects private consumption to grow 4.0%.


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Netherlands Consumer Confidence June 20 20

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


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