Dutch consumers pessimistic about their own financial situation for 2012

20/12/2011 15:00

The mood among Dutch consumers deteriorated further in December. The consumer confidence indicator dropped 5 points to -37. Consumers were particularly negative about their own financial situation for 2012.

Consumer confidence

Consumer confidence

Consumers were very negative about their financial situation over the next twelve months. This component indicator dropped 11 points to -23, the lowest level ever. Consumers’ opinions about their own financial situation over the past twelve months  also deteriorated, but to a lesser extent. Consumers thought it was a less favourable time to buy  expensive items than in November. Willingness to buy, already at a very low level, fell by 7 points to -20.

Consumers’ confidence in the economic climate dropped marginally, because consumers’ opinions on the economic situation over the past twelve months deteriorated. Surprisingly, their opinions on the economic situation over the next twelve months improved somewhat.

Consumer confidence and willingness to buy are at a low level. This is unfavourable for household consumption. Dutch consumers turn to a more cautious spending pattern. In Germany, circumstances for consumption are much more favourable. For more information, see the article Germans spending more, Dutch spending less.

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.