Netherlands Consumer Confidence May 2016

Netherlands

Netherlands: Dutch consumers remain cautiously optimistic in May

May 23, 2016

Dutch consumer sentiment was unchanged in May, remaining in optimistic territory for a second consecutive month following March’s dip. The seasonally-adjusted consumer confidence indicator produced by Statistics Netherlands rested at plus 1 point in May. As a result, the index sat above the 0-point threshold, which indicates that optimists outnumber pessimists.

The stable consumer confidence reading mainly reflected that consumer’s willingness to buy did not change compared to April. Moreover, households’ assessment of the general economic climate was almost unchanged, registering a marginal increase. The uptick came on the back of consumer’s growing optimism regarding the economic situation in the next 12 months, while their assessment of the past 12 months weakened slightly.

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


Author: Teresa Kersting, Economist

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Netherlands Consumer Confidence May 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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