Netherlands Consumer Confidence


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.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.7% in 2015, which is unchanged from last month’s estimate. In 2016, the panel expects private consumption to grow 1.4%, which is also unchanged from last month’s estimate.

Author: Teresa Kersting, Economist

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Netherlands Consumer Confidence Chart

Netherlands Consumer Confidence October 2015

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

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