Optimism still prevailing among Dutch consumers

According to Statistics Netherlands (CBS), the mood among Dutch consumers remains the same in November. The consumer confidence indicator stands at 12, just as it did in October. It is at its highest level after August 2007. Consumers are more positive about the economic climate, while willingness to buy deteriorated slightly.

With a score of + 12, consumer confidence 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 an all-time low in February 2013 (- 44).

Consumer confidence, seasonally adjusted
Consumer confidence, seasonally adjusted
 %
2013 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
2016 A2
2016 S8
2016 O12
2016 N12

Consumers more positive about economic climate

In November, Dutch consumers are more positive about the economy in general than in October. The component indicator economic climate has risen to + 24 in November, up from + 20 in October. Consumers are more optimistic about the economic situation in the past and next 12 months.

Consumers’ willingness to buy deteriorates in November, compared to the preceding month. This component indicator of consumer confidence currently stands at + 5, versus +7 in October. Consumers are in particular less positive about their future personal financial situation. In addition consumers think it is a slightly less favourable time to buy expensive, durable items.

Consumers expect unemployment to decline

Consumers’ expectations about future unemployment improved considerably and reached the highest point after January 2008. Nearly 39 percent of respondents expect unemployment to decline over the next 12 months, whereas over 25 percent anticipate an increase. The balance of positive and negative answers was +13. Statistics Netherlands also announced yesterday that unemployment declined further in October. Having a paid job is crucial for consumers’ willingness-to-buy.

Consumers’ expectations about future unemployment
Consumers’ expectations about future unemployment
 %
2012 D-83
2013 J-77
2013 F-84
2013 M-84
2013 A-79
2013 M-74
2013 J-79
2013 J-79
2013 A-64
2013 S-65
2013 O-61
2013 N-54
2013 D-50
2014 J-40
2014 F-61
2014 M-43
2014 A-48
2014 M-26
2014 J-29
2014 J-18
2014 A-9
2014 S-7
2014 O-8
2014 N-18
2014 D-24
2015 J-17
2015 F-26
2015 M-2
2015 A-3
2015 M-1
2015 J11
2015 J-1
2015 A13
2015 S3
2015 O-13
2015 N-9
2015 D-13
2016 J-26
2016 F-13
2016 M-36
2016 A-16
2016 M-19
2016 J2
2016 J-3
2016 A2
2016 S7
2016 O2
2016 N13

consumer confidence November

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