Consumer confidence unchanged

© Hollandse Hoogte / Ramon van Flymen
According to Statistics Netherlands (CBS), the mood among Dutch consumers has not changed. In December, the consumer confidence indicator stands at -2, the same as in November. Consumers’ willingness to buy has not changed, while opinions on the economic climate have deteriorated marginally.

At -2, the consumer confidence indicator in December 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
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
December-2

Willingness to buy unchanged, opinions on economic climate deteriorated slightly

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

The component indicator Economic climate has deteriorated slightly: from -5 in November to -8 in December. Consumers are 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.

Not a good time to save

Consumers are also asked whether they consider it a good time to save or not. In December, 31 percent of the respondents consider the time right to save, whereas 63 percent consider it a bad time to put money aside. As a result, the balance is -32. In the past three years, consumers have not been so negative about saving.

Good time to save? (balance % positive and % negative answers)
YearMonthBalance
2017January-25
February-16
March-14
april-23
May-15
June-19
July-26
August-18
September-22
October-20
November-24
December-25
2018January-22
February-22
March-9
april-9
May-4
June-4
July-2
August-7
September-7
October-4
November-10
December-12
2019January-11
February-3
March-5
april-3
May-6
June-2
July-9
August-8
September-28
October-31
November-25
December-32

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