Netherlands: Consumer sentiment drops for the fourth consecutive month in November
November 21, 2018
Consumer sentiment slipped again in November for the fourth consecutive month, dropping from 15 in October to 13. Even so, the print remained handsomely above the long-term average of minus 3 over the last 20 years and significantly above the crucial zero-point mark, separating optimism from pessimism among consumers. Confidence among consumers has remained in optimistic territory since March 2015.
The moderation in sentiment reflected a largely broad-based worsening, with nearly all components decreasing. Consumers’ outlook on the economic climate deteriorated on less rosy views of the economic situation in the last 12 months and for the year ahead. Their willingness to buy eased slightly on more pessimistic views of their own financial situation in the last 12 months.
Netherlands Private Consumption Forecast
FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2019, which is unchanged from last month’s estimate. In 2020, the panel expects private consumption to grow 1.8%.
Author: Jan Lammersen, Economist