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
2014F-2
M1
A4
M6
J6
J5
A2
S-2
O1
N-2
D-4
2015J-2
F-1
M7
A10
M11
J14
J13
A13
S11
O12
N14
D13
2016J11
F6
M2
A6
M7
J11
J9
A9
S12
O17
N21
D21
2017J21
F22
M24
A26
M23
J23
J25
A26
S23
O23
N23
D25
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
2014F-61
M-43
A-48
M-26
J-29
J-18
A-9
S-7
O-8
N-18
D-24
2015J-17
F-26
M-2
A-3
M-1
J11
J-1
A13
S3
O-13
N-9
D-13
2016J-26
F-13
M-36
A-16
M-19
J2
J-3
A2
S7
O2
N13
D23
2017J36
F43
M38
A42
M34
J37
J36
A45
S41
O49
N45
D50
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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