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
   balance (average of the component questions)
2014F-2
2014M1
2014A4
2014M6
2014J6
2014J5
2014A2
2014S-2
2014O1
2014N-2
2014D-4
2015J-2
2015F-1
2015M7
2015A10
2015M11
2015J14
2015J13
2015A13
2015S11
2015O12
2015N14
2015D13
2016J11
2016F6
2016M2
2016A6
2016M7
2016J11
2016J9
2016A9
2016S12
2016O17
2016N21
2016D21
2017J21
2017F22
2017M24
2017A26
2017M23
2017J23
2017J25
2017A26
2017S23
2017O23
2017N23
2017D25
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 (balance % positive and % negative answers)
2014F-61
2014M-43
2014A-48
2014M-26
2014J-29
2014J-18
2014A-9
2014S-7
2014O-8
2014N-18
2014D-24
2015J-17
2015F-26
2015M-2
2015A-3
2015M-1
2015J11
2015J-1
2015A13
2015S3
2015O-13
2015N-9
2015D-13
2016J-26
2016F-13
2016M-36
2016A-16
2016M-19
2016J2
2016J-3
2016A2
2016S7
2016O2
2016N13
2016D23
2017J36
2017F43
2017M38
2017A42
2017M34
2017J37
2017J36
2017A45
2017S41
2017O49
2017N45
2017D50
2017J53

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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