Netherlands: Consumer confidence turns more pessimistic
December 20, 2012
The seasonally adjusted consumer confidence indicator elaborated by the Central Bureau of Statistics (CBS) dropped from minus 37.0 points in November to minus 39.0 points in December, which marked a six-month low. With the monthly drop, the index moved further below the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, the assessment of the economic situation in next 12 months worsened notably, which does not bode well for economic activity going forward. That said, consumers were slightly less pessimistic about their financial situation in the next 12 months. Accordingly, consumers' willingness to make major purchases improved somewhat in December.