Netherlands Consumer Confidence August 2016

Netherlands

Netherlands: Dutch consumer confidence rises slightly in August

August 18, 2016

Dutch consumer sentiment improved slightly in August. The seasonally-adjusted consumer confidence indicator produced by Statistics Netherlands increased from July’s plus 1 point to plus 2 points in August. As a result, the index moved a bit further above the 0-point threshold, which indicate that optimists outnumber pessimists.

Consumer confidence improved mainly because households grew more confident of the general economic climate. They were more positive about the economic outlook for the next 12 months, and didn’t change their opinion about the economic situation in the past 12 months. Conversely, consumers’ willingness to buy deteriorated, albeit marginally, as consumers were more pessimistic of their personal financial situation.

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 August 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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