Consumer confidence drops sharply in November

22/11/2021 15:00

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In November, confidence among Dutch consumers has deteriorated further, as reported today by Statistics Netherlands (CBS). The consumer confidence indicator stands at -19 this month, down from -10 in October. Both consumers´ sentiment about the general economic situation and willingness to buy have deteriorated. Consumer confidence in November is at the same level as in the first months of this year.

At -19, the consumer confidence indicator in November is positioned below 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
Year	Month	balance (average of the component questions)
	December	25
2018	January	24
2018	February	23
2018	March	24
2018	April	25
2018	May	23
2018	June	23
2018	July	23
2018	August	21
2018	September	18
2018	October	15
2018	November	13
2018	December	9
2019	January	1
2019	February	-2
2019	March	-3
2019	April	-3
2019	May	-3
2019	June	-1
2019	July	1
2019	August	-1
2019	September	-2
2019	October	-1
2019	November	-2
2019	December	-2
2020	January	-2
2020	February	-2
2020	March	-3
2020	April	-23
2020	May	-31
2020	June	-27
2020	July	-26
2020	August	-29
2020	September	-28
2020	October	-30
2020	November	-26
2020	December	-20
2021	January	-19
2021	February	-19
2021	March	-18
2021	April	-14
2021	May	-9
2021	June	-3
2021	July	-4
2021	August	-6
2021	September	-5
2021	October	-10
2021	November	-19

Consumer confidence, seasonally adjusted
Year	Month	balance (average of the component questions)
	December	25
2018	January	24
2018	February	23
2018	March	24
2018	April	25
2018	May	23
2018	June	23
2018	July	23
2018	August	21
2018	September	18
2018	October	15
2018	November	13
2018	December	9
2019	January	1
2019	February	-2
2019	March	-3
2019	April	-3
2019	May	-3
2019	June	-1
2019	July	1
2019	August	-1
2019	September	-2
2019	October	-1
2019	November	-2
2019	December	-2
2020	January	-2
2020	February	-2
2020	March	-3
2020	April	-23
2020	May	-31
2020	June	-27
2020	July	-26
2020	August	-29
2020	September	-28
2020	October	-30
2020	November	-26
2020	December	-20
2021	January	-19
2021	February	-19
2021	March	-18
2021	April	-14
2021	May	-9
2021	June	-3
2021	July	-4
2021	August	-6
2021	September	-5
2021	October	-10
2021	November	-19

Consumers again more pessimistic about the economy

Consumers’ sentiment about the economic climate is more negative than in October. This component indicator stands at -28, down from -14. Consumers are more negative both about the economic situation over the next twelve months and about the economic situation over the past twelve months.

Willingness to buy further down

Consumers’ willingness to buy stands at -14, down from -7 in October. Consumers are more negative both about their financial situation in the next twelve months and about their financial position in the past twelve months. Furthermore, they find the time for large purchases more unfavourable compared to October.

Sources

StatLine - Consumer confidence, economic climate and willingness to buy

Consumers again more pessimistic about the economy

Willingness to buy further down

Sources

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