Dutch consumer confidence improves in July

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© ANP / Sabine Joosten
Consumers were less negative in July than in June, according to Statistics Netherlands (CBS). Consumer confidence stood at -32 in July, compared with -36 in June. Opinions about the economic climate were less negative, in particular. Willingness to buy was also less negative.

With a headline figure of -32, the consumer confidence indicator for July is positioned well below its long-term average for the previous twenty years (-10). The indicator reached its all-time high (36) in January 2000, while the all-time low (-59) was reached in September and October 2022. Since April 1986, CBS has monitored consumer confidence every month, based on the consumer survey. Consumer confidence is assessed using five questions, where the balance of positive and negative responses is taken from each question. If all consumers are positive, the balance is 100. If all consumers are negative, the balance is -100.

Consumer confidence, seasonally adjusted
yearmonthbalance (average of the component questions)
2021August-6
2021September-5
2021October-10
2021November-20
2021December-26
2022January-28
2022February-30
2022March-39
2022April-48
2022May-47
2022June-50
2022July-51
2022August-54
2022September-59
2022October-59
2022November-56
2022December-52
2023January-49
2023February-44
2023March-39
2023April-37
2023May-38
2023June-39
2023July-39
2023August-40
2023September-39
2023October-38
2023November-33
2023December-29
2024January-28
2024February-26
2024March-22
2024April-21
2024May-22
2024June-23
2024July-24
2024August-24
2024September-21
2024October-22
2024November-25
2024December-26
2025January-28
2025February-32
2025March-34
2025April-37
2025May-37
2025June-36
2025July-32

Consumers less pessimistic about the economy

Consumers were less negative about the economy in July than they were in June. This component of the indicator stood at -52, up from -58 in June. Consumers were less negative about both the economic outlook for the next twelve months and the economic situation over the previous twelve months.

Willingness to buy also less negative

Willingness to buy among consumers stood at -19 in July, up from -21 in June. Consumers were less negative about their personal financial situation over the past twelve months and about their financial situation for the next twelve months. Furthermore, consumers were less negative about making large purchases in July than they were in June.

Consumer confidence: component indicators, seasonaly adjusted
   July (balance % positive answers and % negative answers)June (balance % positive answers and % negative answers)
Consumer confidenceAverage component questions-32-36
Economic climateEconomic situation past 12 months-59-62
Economic climateEconomic situation next 12 months-46-54
Willingness to buyFinancial situation last 12 months-17-20
Willingness to buyFinancial situation next 12 months-5-8
Willingness to buyGood time to buy consumer durables-34-36