Netherlands Consumer Confidence August 2020

Netherlands

Netherlands: Consumer confidence remains pessimistic in August

August 20, 2020

Consumer confidence fell to minus 29.0 in August from July's minus 26.0. As a result, the index remained below the 0-threshold, and indicated pessimism among consumers.

The downtick in August came chiefly on the back of deteriorating views on the general economic situation, as attitudes towards the economy in the past 12 months and the year ahead soured. On the other hand, willingness to buy remained virtually unchanged from the prior month, and stuck in negative territory.

FocusEconomics Consensus Forecast panelists see private consumption contracting 6.8% in 2020. In 2021, the panel expects private consumption to grow 3.3%.


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