Netherlands: Consumer confidence unchanged in September
September 19, 2013
The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) remained stable in September at the minus 33 points recorded in August. The index remains well below the 0-point threshold, which indicates that consumers are pessimistic.
According to the CBS, consumers' view of the economic climate was slightly more negative compared to the previous month. Consumers were also more negative about their financial situation in the next 12 months, although their willingness to buy improved in September. Overall, the steady state of the consumer confidence index indicates a negative outlook for private consumption in the near term.
FocusEconomics Consensus Forecast panelists see private consumption falling 1.6% in 2013, which is down 0.1 percentage points from last month's estimate. In 2014, the panel expects private consumption to contract 0.1%.
Author: Carl Kelly, Economist