Marginal improvement consumer confidence
The mood among Dutch consumers was marginally better in November than in October. According to Statistics Netherlands, the consumer confidence indicator rose 1 point to + 9. Consumers are somewhat more positive about both component indicators of consumer confidence, i.e. their opinions on the economic climate and their willingness to buy. Consumer’s willingness to buy is positive for the first time in more than 8 years.
Consumer confidence rose to + 9 in November, i.e. above its long-term average over the past two decades (- 8). The indicator reached its highest level ever in April 2000 (+ 27) and its lowest level in February 2013 (- 44).
Consumer willingness to buy positive for the first time in more than 8 years
Dutch consumers think the economic climate in general is somewhat more favourable in November than in October. The component indicator economic climate rose from + 20 in October to + 21 in November. The improvement is due to the fact that consumers are much more positive about the economic situation over the next 12 months, but their opinion about the economic situation over the past 12 months is less positive than last month.
Consumers’ willingness-to-buy is positive for the first time in more than 8 years. This component indicator of consumer confidence also rose by 1 point, to + 1. The improvement is mainly based on the fact that consumers are less negative about their own financial situation in the past months. Consumers also think it is a better time to buy expensive, durable items.
Today, Statistics Netherlands also reports on household consumption in September.