Netherlands Consumer Confidence

Netherlands

Netherlands: Consumers remain confident in July, despite moderation from almost-eight-year high

July 20, 2015

The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) receded from June’s almost-eight-year high of 6 points to 4 points in July. Nevertheless, the index remained well above the 0-point threshold, which indicates that optimists outnumber pessimists. This represents the third consecutive month in which consumer sentiment was in positive territory.

Consumer confidence in July moderated mainly as consumers were less upbeat about the general economic situation in the next and the past 12 months than in June. Conversely, their willingness to buy recorded a marginal increase.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.5% in 2015, which is up 0.1 percentage points 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 July 2015

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


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