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

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