Netherlands: Dutch consumers turn pessimistic in February
February 19, 2016
For the first time in a year, the mood among Dutch consumers in February was pessimistic. The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) fell from January’s 4 points to minus 1 point in February. The reading marked a third consecutive decline following November’s over-eight-year high. As a result, the index fell just below the 0-point threshold, which indicates pessimists outnumber optimists.
Consumer confidence fell because consumers were less optimistic about the economic climate and because their willingness to buy dropped. Particularly, consumers turned more pessimistic regarding both the economic situation in the past 12 months and in the next 12 months. Their willingness to buy fell as consumers were less upbeat about their financial situation in the next 12 months and as they assessed that it was a less favorable time to buy large-ticket items.