Dutch consumers less negative about their own financial situation

17/11/2011 15:00

Dutch consumers were far less negative about their own financial situation in November than in October, but they were more pessimistic about the economic climate in general. On balance, consumer confidence remained stable. The indicator climbed 1 point to reach –32.

Consumer confidence

Consumer confidence

Consumers were obviously less pessimistic about their financial situation over the next twelve months than in the preceding month. The component indicator improved 7 points to reach -12. Consumers’ opinions about their own financial situation over the past twelve months were also less negative. Opinions on whether the time was right to buy  expensive items hardly changed. As a result, the component indicator Willingness to buy improved 4 points to -13. Despite the improvement, willingness to buy remains at a low level.

Consumers’ confidence in the economic climate deteriorated further. Dutch consumers were more pessimistic with respect to the economic situation over the next twelve months. Their opinions on the economic situation over the past twelve months remained the same.

Dutch consumers are increasingly worried about future unemployment. The mood among producers is also pessimistic. For more information see the article: “Pessimism about employment”.

Consumer confidence, seasonally adjusted

Consumer confidence, seasonally adjusted

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

More figures can be found in dossier Business cycle.