Dutch consumers less optimistic

© CBS / Nikki van Toorn
According to Statistics Netherlands (CBS), the mood among Dutch consumers has deteriorated in August. The consumer confidence indicator stands at 0, down from 2 in July. Opinions on the economic climate have deteriorated, while willingness to buy has improved marginally.
At 0, the consumer confidence indicator in August stands above its long-term average over the past two decades (-4). 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
2015September11
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
November22
December25
2018January24
February23
March24
April25
May23
June23
July23
August21
September19
October15
November13
December9
2019January1
February-2
March -4
April-3
May-3
June0
July2
August0

More negative about economic climate

The component indicator on Economic climate has deteriorated: from 6 in July to -1 in August. In August, consumers are less positive about the economic climate in the past twelve months and their outlook for the coming twelve months is considerably more negative.

Consumers’ willingness to buy improved from -1 in July to 0 in August. Opinions on their financial situation in the past twelve months have improved slightly and they also find the time more favourable to make large purchases. Opinions on their financial situation in the coming twelve months, on the other hand, are slightly less positive than in July.

Less positive about future unemployment

Consumers’ expectations on future unemployment have deteriorated. Nearly 23 percent of the respondents expect unemployment to rise in the coming twelve months, whereas 33 percent anticipate a drop. The balance stands at 11, versus 23 in the previous month. In the past two months, the percentage expecting unemployment to rise increased and the percentage anticipating a drop fell.

Expectations on unemployment (balance % positive and % negative answers)
YearMonthbalance
2015September3
October-13
November-9
December-13
2016January-26
February-13
March-36
April-16
May-19
June2
July-3
August2
September7
October2
November13
December23
2017January36
February43
March38
April42
May34
June37
July36
August45
September41
October49
November45
December50
2018January53
February51
March52
April52
May45
June49
July46
August46
September46
October36
November38
December28
2019January25
February25
March25
April21
May28
June29
July23
August11

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