Netherlands Consumer Confidence November 2019

Netherlands

Netherlands: Consumer sentiment inches down in November

November 21, 2019

Dutch consumers became slightly more pessimistic in November, with the index inching down to minus 2 from minus 1 in October. Consequently, the index remained below the zero-threshold that separates pessimism from optimism; however, the print remained above the long-term average of minus 4.

The slight deterioration in consumer sentiment came on the back of worsening views of the economic climate; consumers viewed both the economic situation in the year ahead and in the past 12 months less favorably. On the other hand, households’ willingness to buy was unchanged, driven by a more upbeat outlook on households’ financial situation over the next 12 months offsetting a slightly less optimistic view on the suitability of the current situation to purchase big ticket items.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.7% in 2020, which is unchanged from last month’s estimate. In 2021, the panel expects private consumption to grow 1.5%.


Author:, Economist

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Netherlands Consumer Confidence November 2019 0

Note: Value of consumer confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Netherlands (CBS).


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