Dutch consumers more pessimistic

22/05/2012 09:30

In May, the mood among Dutch consumers deteriorated again, after having improved in April. The consumer confidence indicator fell by 6 points to –38, virtually equalling the low level it reached in March.

Consumer confidence

Consumer confidence

Consumers were obviously more negative about the economic climate in May than in April. This component indicator of consumer confidence dropped by 8 points to reach -61.

The component indicator willingness-to-buy also declined, by 4 points to -23. Consumers’ confidence in their own financial situation over the next 12 months was dented as the indicator plummeted 10 points to -25, the lowest level ever observed. Consumers thought the time was somewhat less favourable to buy durable goods like furniture, washing machines or TV sets. Their opinions on their own financial situation over the past 12 months hardly changed.

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.