Dutch consumer confidence down, but still positive

Dutch consumers are less positive in July than in June. According to Statistics Netherlands (CBS), the consumer confidence indicator declined by 4 point to +1 in July. Consumers’ opinions on the economic climate in particular deteriorated.

With a score of + 1, the consumer confidence indicator is significantly above its long-term average over the past two decades (- 8). The indicator reached an all-time high in April 2000 (+ 27) and dipped to an all-time low in February 2013 (- 44).

Consumer confidence, seasonally adjusted
Consumer confidence, seasonally adjusted
 %
2012 A-32
2012 S-30
2012 O-33
2012 N-38
2012 D-39
2013 J-36
2013 F-44
2013 M-41
2013 A-35
2013 M-32
2013 J-36
2013 J-37
2013 A-32
2013 S-32
2013 O-26
2013 N-18
2013 D-17
2014 J-12
2014 F-10
2014 M-6
2014 A-5
2014 M-2
2014 J-3
2014 J-2
2014 A-6
2014 S-7
2014 O-3
2014 N-8
2014 D-7
2015 J-6
2015 F-6
2015 M2
2015 A1
2015 M2
2015 J7
2015 J5
2015 A6
2015 S5
2015 O6
2015 N9
2015 D6
2016 J4
2016 F-1
2016 M-4
2016 A1
2016 M1
2016 J5
2016 J1

Consumers considerably less optimistic about economic climate

In July, Dutch consumers are considerably less positive about the economy in general than in June. The component indicator economic climate has declined from + 12 in June to + 4 in July. Consumers are much more negative about the economic situation in the next 12 months. The most striking economic event last month was the UK referendum held on 23 June about EU membership.

Consumers’ willingness to buy declines marginally in July. This component indicator of consumer confidence now stands at -1, versus 0 in June. This is due to consumers being slightly more negative about their personal financial situation. They also think the time is less favourable to buy durable goods.

Dutch consumer confidence July

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