Netherlands Consumer Confidence February 2018

Netherlands

Netherlands: Consumer confidence remains high in February despite small dip

February 21, 2018

The seasonally-adjusted consumer confidence index eased to 23 points in February from 24 points in January. Nonetheless, the confidence index, published by Statistics Netherlands (CBS), remained well above the crucial zero-point mark separating optimism from pessimism among households in the Netherlands. February’s print is notably above the long-term average of minus 3 points over the last 20 years and the index has been in positive territory for three years.

The result reflected marginally less optimistic views on the country’s economic climate and consumers’ willingness to buy. Nearly all sub-indicators of the two components decreased marginally from the prior month. Consumers now hold a negative view on their financial situation in the past 12 months despite the country’s economy growing at its fastest clip in a decade in 2017. However, while consumers also hold a less favorable view on their financial situation in the next 12 months, they still view the current climate as suitable to make major purchases.

Netherlands Private Consumption Forecast


FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2018, which is up 0.2 percentage points from last month’s estimate. In 2019, the panel expects private consumption to grow 1.7%.


Author:, Economist

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Netherlands Consumer Confidence Chart


Netherlands Consumer Confidence February 2018

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


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