Netherlands: Consumer confidence improves somewhat in January
January 21, 2013
The seasonally adjusted consumer confidence indicator elaborated by the Central Bureau of Statistics (CBS) rose from minus 39.0 points in December to minus 35.0 points in January. Despite the monthly increase, the index remains well below the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, the assessment of the economic situation in next 12 months improved over the previous month, despite remaining in pessimistic territory. In addition, consumers were slightly less pessimistic about their financial situation in the next 12 months. Accordingly, consumers' willingness to make major purchases improved somewhat in January. That said, notably pessimistic consumer confidence levels do not bode well for private consumption in the near term.