Netherlands: Consumer confidence rises in August
August 20, 2013
The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) rose from minus 38 points in July to minus 33 points in August. Nevertheless, the index remains well below the 0-point threshold, which indicates that consumers are pessimistic.
According to the CBS, consumers' view of the economic climate improved over to the previous month. Consumers' willingness to buy, however, deteriorated marginally in August. Overall, the improvement in consumer confidence indicates a less negative outlook for private consumption in the near term.
FocusEconomics Consensus Forecast panellists see private consumption falling 1.6% in 2013, which is down 0.1 percentage points from last month's estimate. In 2014, the panel expects private consumption to contract 0.1%.