Consumer confidence down

19/05/2017 15:00
According to Statistics Netherlands (CBS), Dutch consumers are less positive in May. The consumer confidence indicator fell by 3 points to 23. This is the first decline is almost a year. Dutch consumers’ opinions on the economic climate and their willingness to buy deteriorated.

With a score of +23 in May, however, the consumer confidence indicator 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).

Consumer confidence, seasonally adjusted
y
-33
-35
-32
-31
-26
-16
-11
-6
-2
1
4
6
6
5
2
-2
1
-2
-4
-2
-1
7
10
11
14
13
13
11
12
14
13
11
6
2
6
7
11
9
9
12
17
21
21
21
22
24
26
23

Mood about economic climate and willingness to buy deteriorates

Consumer confidence in the economy has deteriorated in May relative to April. The component indicator Economic climate has fallen from +50 in April to +45 in May. Consumers are less positive about the economic situation in the past and next 12 months.

Consumers’ willingness to buy has also deteriorated in May. This component indicator of consumer confidence now stands at +8, down from +10 in April. Consumers are less positive about their personal financial situation and they think it is a less favourable time to buy expensive, durable items.

Consumer confidence May

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

Related items