Netherlands Consumer Confidence March 2016

Netherlands

Netherlands: Mood among Dutch consumers worsens in March

March 18, 2016

Dutch consumers turned more pessimistic in March and sentiment fell to the lowest level in over a year. The seasonally-adjusted consumer confidence indicator produced by the Statistics Netherlands fell from February’s minus 1 point to minus 4 points in March, marking a fourth consecutive decline. The result is a second consecutive month the index was below the 0-point threshold, which indicates that pessimists outnumber optimists.

Consumer confidence fell because consumers grew more pessimistic regarding the general economic climate. Particularly, they turned more negative regarding both the economic situation in the past 12 months and in the next 12 months. Conversely, consumers’ willingness to buy improved slightly compared to February.

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


Author: Teresa Kersting, Economist

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Netherlands Consumer Confidence March 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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