Dutch consumers equally positive in January

© Hollandse Hoogte
According to Statistics Netherlands (CBS), the mood among Dutch consumers has hardly changed in January 2018. The consumer confidence indicator stands at + 24, down from + 25 in December. Opinions of Dutch consumers on the economic climate have not changed. Willingness to buy has decreased slightly.

With a score of + 24 in January, 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 has fluctuated between + 23 and + 26 for nearly a year now.

Consumer confidence, seasonally adjusted (average of the component questions)
 balance
2014 F-2
2014 M1
2014 A4
2014 M6
2014 J6
2014 J5
2014 A2
2014 S-2
2014 O1
2014 N-2
2014 D-4
2015 J-2
2015 F-1
2015 M7
2015 A10
2015 M11
2015 J14
2015 J13
2015 A13
2015 S11
2015 O12
2015 N14
2015 D13
2016 J11
2016 F6
2016 M2
2016 A6
2016 M7
2016 J11
2016 J9
2016 A9
2016 S12
2016 O17
2016 N21
2016 D21
2017 J21
2017 F22
2017 M24
2017 A26
2017 M23
2017 J23
2017 J25
2017 A26
2017 S23
2017 O23
2017 N23
2017 D25
18 J24

Mood about economic climate unchanged

Consumer confidence in the economic climate has not changed in January. This component indicator of consumer confidence remains at + 45. Opinions on the economic climate in the coming twelve months have improved marginally, but consumers are slightly less positive about the economic climate in the past twelve months.

Consumers’ willingness to buy has decreased slightly in January. This component indicator of consumer confidence stands at + 11, down from + 12 in December. Consumers are slightly less positive about their personal financial situation as well as about buying expensive, durable items.

Consumer confidence

Record number of consumers expect unemployment to decline

Expectations about future unemployment are improving further. Nearly 65 percent of respondents expect unemployment to decline in the coming 12 months, whereas over 11 percent anticipate an increase. The balance of positive and negative answers is + 53. This is the highest measured balance so far.

Consumers' expectations about future unemployment (balance % positive and % negative answers)
 balance
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
2016 D23
2017 J36
2017 F43
2017 M38
2017 A42
2017 M34
2017 J37
2017 J36
2017 A45
2017 S41
2017 O49
2017 N45
2017 D50
2017 J53

Last week, Statistics Netherlands (CBS) also published new labour force figures. According to the definition of the International Labour Organisation (ILO), unemployment declined further in December.

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