Dutch consumer confidence improves slightly

Dutch consumers are somewhat more positive in August than in July. According to Statistics Netherlands (CBS), the consumer confidence indicator increased by 1 point to +2 in August. This is due to consumer’s being more positive about the economic climate. Their willingness to buy deteriorated slightly.

With a score of + 2, 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

Consumers more optimistic about economic climate

The component indicator economic climate has increased from + 4 in July to + 7 in August. This is due to improvement of consumers’ opinion about the economic situation in the 12 months to come. Their opinion about the past 12 months has not changed.

Consumers’ willingness to buy declines marginally in August. This component indicator of consumer confidence now stands at -2, versus -1 in July. This is due to consumers being more negative about their personal financial situation. On the other hand, they think the time is more favourable to buy durable goods.

Dutch consumer confidence August