Consumer confidence hardly changed in September

© Hollandse Hoogte / Peter Hilz
In September, confidence among Dutch consumers has hardly changed, as reported today by Statistics Netherlands (CBS). The consumer confidence indicator stands at -5 this month, up from -6 in August. Consumers´ sentiment about the general economic situation has improved, but willingness to buy has deteriorated slightly.

At -5, the consumer confidence indicator in September is positioned above its long-term average over the past two decades (-8). The indicator reached an all-time high (36) in January 2000 and an all-time low (-41) in March 2013.

Consumer confidence, seasonally adjusted
YearMonthbalance (average of the component questions)
2017October23
2017November22
2017December25
2018January24
2018February23
2018March24
2018April25
2018May23
2018June23
2018July23
2018August21
2018September18
2018October15
2018November13
2018December9
2019January1
2019February-2
2019March -3
2019April-3
2019May-3
2019June-1
2019July1
2019August-1
2019September-2
2019October-1
2019November-2
2019December-2
2020January-2
2020February-2
2020March-3
2020April-23
2020May-31
2020June-27
2020July-26
2020August-29
2020September-28
2020October-30
2020November-26
2020December-20
2021January-19
2021February-19
2021March-18
2021April-14
2021May-9
2021June-3
2021July-4
2021August-6
2021September-5

Consumers less negative about the economy

Consumers’ sentiment about the economic climate is less negative than in August. This component indicator stands at -8, up from -11. Consumers are less negative about the economic situation over the past twelve months, but slightly less positive about the next twelve months.

Willingness to buy slightly lower

Consumers’ willingness to buy stands at -3, down from -2 in August. Consumers are more negative about their financial situation over the past twelve months. Opinions on their financial position in the coming twelve months and on making large purchases has not changed.

Consumers more optimistic about future unemployment

In September, consumers are more positive about future unemployment than in the previous month. Around 48 percent expect unemployment to fall in the next twelve months, while 22 percent anticipate an increase. The balance of positive and negative answers stands at 26, the highest level in over two years.

Expectations on unemployment
YearMonthbalance (balance % positive and % negative answers)
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
2019December-13
2020January-6
2020February0
2020March-14
2020April-78
2020May-81
2020June-76
2020July-79
2020August-83
2020September-77
2020October-87
2020November-79
2020December-69
2021January-61
2021February-59
2021March-51
2021April-38
2021May-14
2021June13
2021July14
2021August14
2021September26

More and more consumers classify price increases as sharp

In September, 43 percent of consumers classified the price increases in the past year as sharp. This is the highest percentage since the beginning of the time series in 2017.