Netherlands Consumer Confidence

Netherlands

Netherlands: Consumers are much more positive in June; confidence reaches almost-eight-year-high

June 18, 2015

The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) jumped from May’s 2 points to 6 points in June, reaching the highest level since August 2007. As a result, the index rose further above the 0-point threshold, which indicates that optimists outnumber pessimists. This represents the second consecutive month in which consumer sentiment was in positive territory.

Consumer confidence in June rose mainly as consumers were more optimistic about the economic climate. In addition, their willingness to buy recorded a moderate improvement.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.3% in 2015, which is unchanged from last month’s estimate. In 2016, the panel expects private consumption to grow 1.1%.


Author: Teresa Kersting, Economist

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Netherlands Consumer Confidence June 2015 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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