Netherlands: Consumer confidence unchanged in October
October 20, 2017
The seasonally-adjusted consumer confidence index was steady in October at the previous month’s reading of 23 points. Consumer confidence therefore remains firmly entrenched above the crucial zero-point mark that separates optimism from pessimism among households in The Netherlands. Confidence among consumers has been broadly positive since March 2015, and October’s figure is significantly higher than the long-term average over the last 20 years of minus 3 points.
Consumers’ view regarding the domestic economy and their willingness to buy were unchanged from the previous month. However, looking at the figures in more detail shows that consumers’ view on the economy in the last 12 months worsened slightly, while they have become more optimistic about the economy in the year ahead. A detailed breakdown of consumers’ willingness to buy shows that consumers expected their financial situations to improve more than in the previous month. This is likely linked to the plans announced on 10 October by the new coalition, which include a reduction of the tax burden on households and median income earners.
Author: Jan Lammersen, Economist