Consumer confidence at highest point in over 16 years

According to Statistics Netherlands (CBS), the mood among Dutch consumers again improved slightly in April. The consumer confidence indicator rose by 2 points to 26, reaching the highest level since February 2001. Dutch consumers’ opinions on the economic climate and their willingness to buy improved.

With a score of +26, the consumer confidence indicator in April is significantly above its long-term average over the past two decades (-3). The indicator reached an all-time high in January 2000 (+36) and an all-time low in March 2013 (-41).

As from today, a revised set of data on consumer confidence, economic climate and willingness to buy will be available. This revised set will be based on new observation methods and will cover the period from April 1986 onwards.

Mood about economic climate and willingness to buy is improving

Consumer confidence in the economy has improved in April relative to March. The component indicator Economic climate has risen from +47 in March to +50 in April. Consumers are more positive about the economic situation in the past and next 12 months.

Consumers’ willingness to buy has also improved in April. This component indicator of consumer confidence now stands at +10, up from +8 in March. Consumers are more positive about their personal financial situation and they think it is the right time to buy expensive, durable items.

Grafiek, Consumentenvertrouwen ENG apr17