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 (average of the component questions)
YearMonthbalance
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
September-2
October-1
November-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 (balance % positive and % negative answers)
YearMonthbalance
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
September12
October5
November-11

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