Netherlands Consumer Confidence July 2019

Netherlands

Netherlands: Consumer confidence returns to optimistic territory

July 22, 2019

Consumer sentiment returned to optimistic territory at the start of the third quarter with the consumer confidence index rising to 2 in July from 0 in June. As a result, consumer sentiment moved further above the long-term average over the last 20 years of minus 4.

The improvement reflected a strong improvement in sentiment regarding the economic climate: Consumers’ views regarding both the economic situation in the past 12 months and the next 12 months improved. Consumers’ willingness to buy edged up too, as households consider the current time more favorable for purchasing big ticket items. Sentiment regarding households’ financial situation in the same time periods was also more upbeat.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.6% in 2019, which is unchanged from last month’s estimate. In 2020, the panel expects private consumption to grow 1.7%.


Author:, Economist

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Netherlands Consumer Confidence July 2019 0

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


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