Consumer confidence again hardly changed

© Hollandse Hoogte
According to Statistics Netherlands (CBS), the mood among Dutch consumers has hardly changed. The consumer confidence indicator stands at -2 in November, down from -1 in October. Consumers’ willingness to buy has not changed, while opinions on the economic climate have hardly changed.

At -2, the consumer confidence indicator in November 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
YearMonthbalance (average of the component questions)
December13
2016January11
2016February6
2016March2
2016April6
2016May7
2016June11
2016July9
2016August9
2016September12
2016October17
2016November20
2016December21
2017January21
2017February22
2017March24
2017April26
2017May23
2017June23
2017July25
2017August26
2017September23
2017October23
2017November22
2017December25
2018January24
2018February23
2018March24
2018April25
2018May23
2018June23
2018July23
2018August21
2018September19
2018October15
2018November13
2018December9
2019January1
2019February-2
2019March -4
2019April-3
2019May-3
2019June0
2019July2
2019August0
2019September-2
2019October-1
2019November-2

Willingness to buy unchanged, opinions on economic climate more or less the same

Consumers’ willingness to buy has not changed in November. This component indicator stands at 1, the same as in October. Opinions on their financial situation over the past twelve months remained the same, while opinions on their financial situation in the coming twelve months are slightly more positive. However, consumers find this a slightly less favourable time to make large purchases.

The component indicator on Economic climate hardly changed: from -4 in October to -5 in November. Consumers were slightly less positive about the economic climate in the past twelve months and slightly more negative about the economic climate in the coming twelve months.

Negative about future unemployment

For the first time in over three years, consumers’ expectations on employment are negative. One-quarter of the respondents expect unemployment to decline in the twelve months to come, whereas 36 percent anticipate a rise. With -11, the balance is lower than in the previous month (5). In the past months, unemployment increased, according to the unemployment indicator of the International Labour Organisation (ILO). 

Expectations on unemployment
YearMonthbalance (balance % positive and % negative answers)
December-13
2016January-26
2016February-13
2016March-36
2016April-16
2016May-19
2016June2
2016July-3
2016August2
2016September7
2016October2
2016November13
2016December23
2017January36
2017February43
2017March38
2017April42
2017May34
2017June37
2017July36
2017August45
2017September41
2017October49
2017November45
2017December50
2018January53
2018February51
2018March52
2018April52
2018May45
2018June49
2018July46
2018August46
2018September46
2018October36
2018November38
2018December28
2019January25
2019February25
2019March25
2019April21
2019May28
2019June29
2019July23
2019August11
2019September12
2019October5
2019November-11

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