Largest drop in consumer confidence in over 7 years

© CBS / Nikki van Toorn
According to Statistics Netherlands (CBS), the mood among Dutch consumers in January 2019 is less positive for the sixth consecutive month. The consumer confidence indicator has dropped 8 points and stands at 1. Opinions of Dutch consumers on the economic climate are considerably less positive. Willingness to buy has also deteriorated.

With a score of 1 in January, the consumer confidence indicator still remains 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 (average of the component questions)
YearMonthbalance
2015February-1
March7
April10
May11
June14
July13
August13
September11
October12
November14
December13
2016January11
February6
March2
April6
May7
June11
July9
August9
September12
October17
November20
December21
2017January21
February22
March24
April26
May23
June23
July25
August26
September23
October23
November23
December25
2018January24
February23
March24
April25
May23
June23
July23
August21
September19
October15
November13
December9
19January1

Opinions on economic climate less positive and willingness to buy deteriorating

In January, Dutch consumers are considerably less positive about the economic climate. This component indicator of consumer confidence has dropped from 17 to 3. Opinions on the economic climate in the past twelve months as well as in the coming twelve months are less positive than in December.

Consumers’ willingness to buy has deteriorated in January: -1, down from 3 in December. Consumers are less positive about their personal financial situation and about buying expensive, durable items.

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