A river under the bridge in the Netherlands

Netherlands Consumer Confidence November 2022

Netherlands: Consumer confidence ticks up in November

Consumer confidence came in at minus 57.0 in November, improving slightly from Octobers all-time low of minus 59. Consequently, the index remained below the 0-threshold, pointing to sustained pessimism among consumers.

The reading reflected a small improvement in consumers assessments regarding the economic climate in the next 12 months. Meanwhile, their assessment regarding the economic situation of the last 12 months was broadly unchanged. There was also an improvement in consumers buying intentions, which rose from Octobers all-time low. In particular, consumers became less pessimistic about their financial situation over the next 12 months. However, the assessment of their financial situation over the last 12 months and their intentions to make large purchases remained unchanged in negative territory.

Going forward, consumer confidence is likely to continue improving thanks to generous fiscal support, including the governments introduction of a monthly energy bill discount of EUR 190 as of November and an energy price cap from January 2023. That said, high inflation and interest rates will keep sentiment weak nonetheless, which will weigh on private consumption next year.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest