Netherlands Consumer Confidence October 2022

Netherlands

Netherlands: Consumer confidence steady but remains in negative territory in October

October 20, 2022

Consumer confidence came in at minus 59.0 in October, matching September's reading. Consequently, the index remained below the 0-threshold, pointing to sustained pessimism among consumers.

The reading reflected more downbeat views regarding the economic climate in both the previous 12 and the next 12 months. Furthermore, willingness to buy fell to a record low in the month as elevated inflation has eroded real incomes: Consumers’ attitudes towards their financial position in the past 12 and the next 12 months deteriorated, and consumers viewed the current situation as less suitable to purchase big-ticket items.

FocusEconomics Consensus Forecast panelists see private consumption contracting 0.4% in 2023, which is down 0.3 percentage points from last month’s forecast. In 2024, the panel expects private consumption to grow 1.6%.


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Netherlands Consumer Confidence October 2022

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


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