Netherlands: Consumer confidence jumps to positive territory for first time in over seven years
March 19, 2015
The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) rose from February’s minus 7.0 points to plus 2.0 points in March. As a result, for the first time since August 2007, the index jumped above the 0-point threshold, which indicates that optimists outnumber pessimists.
Consumer confidence in March increased mainly as households assessed the general economic climate much more positively than in the previous month. According to the CBS, this improvement is, “probably due to the positive news about the economy and the labour market in the past month.” In addition, consumers’ willingness to buy was slightly less negative than in February.