Dutch consumers more pessimistic about future economy

22/06/2011 09:30

Dutch consumers were far more negative about the economic situation in June than in May, but their willingness to buy improved. Overall, the mood among consumers remained about as negative as in May. The consumer confidence indicator fell 1 point to -11.

Consumer confidence

Consumer confidence

Confidence in the economic situation in the next twelve months was dented as the component indicator slumped 10 points. Consumers’ opinions on the economic climate over the past twelve months was also more negative, but to a lesser extent. As a result, the component indicator economic climate dropped 7 points to -16.

The decline in confidence regarding the economic climate was partly offset by an improvement in consumers’ opinions with respect to their own financial situation. Consumers were obviously less negative about their financial situation in the past twelve months than in May. They also considered the time more favourable to buy expensive items, although their opinions on their own financial situation in the next twelve months hardly altered. The component indicator willingness to buy increased by 3 points and stood at -8. Despite this improvement, willingness to buy still remains at a low level.

Consumer confidence, seasonally adjusted

Consumer confidence, seasonally adjusted

More figures can be found in dossier Business cycle.

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