Netherlands Consumer Confidence September 2020

Netherlands

Netherlands: Consumer confidence largely unchanged in September

September 22, 2020

Consumer confidence came in at minus 28.0 in September, up from August's minus 29.0. As a result, the index inched closer to the 0-threshold, but still indicated pessimism among consumers. Moreover, the figure came in markedly below the long-term average of minus 6.0 over the past 20 years.

The headline reading reflected a slightly less downbeat view on the economic climate and unchanged views on willingness to buy. Consumers were less pessimistic regarding the economy in the next 12 months and, consequently, their financial situation in the same time frame.

FocusEconomics Consensus Forecast panelists see private consumption contracting 2.2% in 2020. In 2021, the panel expects private consumption to grow 2.6%.


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Netherlands Consumer Confidence September 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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