Netherlands Consumer Confidence

Netherlands

Netherlands: Consumer confidence keeps falling in September

September 18, 2014

The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) inched down from August’s minus 6 points to minus 7 points in September. This is the second consecutive drop in consumer confidence. August’s decline had represented the first moderation in confidence since the middle of last year and September’s print marked the lowest reading in six months. As a result, the index moved further below the 0-point threshold, which indicates that pessimists outnumber optimists. CBS states that falling confidence is, “possibly […] a result of the tense international situation.” 

According to the CBS, consumers’ assessments of the general economic climate deteriorated over last month while their willingness to buy remained broadly stable. Consumers’ were slightly more negative regarding their own personal financial situation in the next 12 months whereas they were a bit more optimistic regarding their own financial situation over the past 12 months. Consumers were also slightly less negative about the time to buy large-ticket items.

FocusEconomics Consensus Forecast panelists see private consumption contracting 0.5% in 2014, which is unchanged from last month’s estimate. In 2015, the panel expects private consumption to expand 0.6%.


Author: Teresa Kersting, Economist

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Netherlands Consumer Confidence September 2014

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


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