Netherlands: Consumer confidence rises to highest level in over eight years
October 21, 2015
Dutch consumers grew significantly more confident in October. The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) rose from September’s 5 points to 8 points in October. Consumers had not been this confident since August 2007. As result, the index remained above the 0-point threshold, which indicates that optimists outnumber pessimists. This represents the sixth consecutive month in which consumer sentiment was in optimistic territory.
Consumer confidence mainly picked up because consumers were notably more positive about the general economic situation. Their willingness to buy also improved, albeit to a lesser extent.