Dutch consumers much more pessimistic about economy

20/12/2010 15:00

The mood among Dutch consumers deteriorated in December. The consumer confidence index dropped by 7 points and stood at -14. The decline counterbalanced previous improvements in October and November. Confidence in the economic climate in general deteriorated most.

Consumer confidence

Consumer confidence

Consumers were much more negative about the economic climate in general than in November. This component indicator of consumer confidence dropped by 12 points to -18. Consumers’ opinions on the economic situation in the past 12 months deteriorated slightly more than their opinions on the economic situation over the next 12 months.

Consumers’ willingness to buy was also lower in December than in November. This component indicator of consumer confidence fell by 4 points to -12. Consumers were also more negative about their own financial situation and they considered the time less favourable to buy expensive items.

The expectations of Dutch consumers about unemployment in the next twelve months are surveyed by Statistics Netherlands on a monthly basis. These expectations also deteriorated in December. One in five consumers anticipated a decline, versus one in four in November.

For more information on Dutch consumer confidence, also see Statistics Netherlands’ online video on YouTube.

Consumer confidence, seasonally adjusted

Consumer confidence, seasonally adjusted

More figures can be found in dossier Business cycle.