Consumer confidence at highest point in over 9 years

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According to Statistics Netherlands (CBS), the mood among Dutch consumers improved further in October. The consumer confidence indicator rose 4 points, from + 8 in September to + 12 in October, reaching the highest level since August 2007. Consumers’ willingness to buy improved noticeably and they are also slightly more positive about the economic climate.

With a score of + 12, consumer confidence is far above its long-term average over the past two decades (- 8). The indicator reached an all-time high in April 2000 (+ 27) and an all-time low in February 2013 (- 44).

Consumer’s willingness to buy improves significantly

In October, Dutch consumers are a bit more positive about the economy in general than in September. The component indicator economic climate has risen to + 20 in October, up from + 18 in September. Consumers are more optimistic about the economic situation in the past and next 12 months.

Consumers’ willingness to buy is improving strongly in October, compared to the preceding month. This component indicator of consumer confidence currently stands at + 7, versus +2 in September. Consumers are much more positive about their future personal financial situation. They are also less negative about their financial situation in the past 12 months and they think it is a more favourable time now to buy expensive, durable items.

consumer confidence October

Sources

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