Netherlands Consumer Confidence September 2016

Netherlands

Netherlands: Dutch consumer confidence picks up strongly in September

September 20, 2016

Dutch consumer sentiment improved notably in September. The seasonally-adjusted consumer confidence indicator produced by Statistics Netherlands increased from August’s plus 2 points to plus 8 points in September, the highest reading since November last year. The index is now further above the 0-point threshold, which indicates that optimistic consumers outnumber pessimistic consumers.

Consumer confidence improved mainly on the back of households growing much more confident about the general economic climate. They were more positive about both the economic outlook for the next 12 months and the economic situation in the past 12 months. In addition, consumers’ willingness to buy improved to levels not seen since September 2007 as they felt less pessimistic regarding their own personal financial situations.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.4% in 2016, which is unchanged from last month’s estimate. In 2017, the panel expects private consumption to accelerate and grow 1.6%.


Author: Massimo Bassetti, Economist

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Netherlands Consumer Confidence September 2016

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


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