Netherlands: Consumer confidence turns more pessimistic in November
Consumer confidence fell to minus 19.0 in November from October’s minus 10.0. November’s result marked the worst reading since February. As a result, the index moved further below the 0-threshold, separating pessimism from optimism among consumers.
The drop was driven by worsening views on the general economic climate and a drop in willingness to buy. Consumers are more pessimistic about the economy in the past and in the next 12 months, while their views on households’ financial situation for the same periods also deteriorated.