Netherlands Consumer Confidence June 2016

Netherlands

Netherlands: Dutch consumer confidence hits six-month high in June

June 20, 2016

Dutch consumer sentiment improved significantly in June. The seasonally-adjusted consumer confidence indicator produced by Statistics Netherlands rose from May’s plus 1 point to plus 5 points in June, marking the highest result in six months. As a result, the index moved further above the 0-point threshold, which indicates that optimists outnumber pessimists.

Consumer confidence rose mainly because households grew much more optimistic regarding the general economic climate. Particularly, they were more positive regarding both the economic situation in the next 12 months and the economic situation in the past 12 months. Consumers’ willingness to buy also improved, but only marginally.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.5% in 2016, which is unchanged from last month’s estimate. In 2017, the panel expects private consumption to grow 1.7%.


Author: Massimo Bassetti, Economist

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Netherlands Consumer Confidence June 2016 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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