Largest drop in consumer confidence in over 7 years

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© CBS / Nikki van Toorn
According to Statistics Netherlands (CBS), the mood among Dutch consumers in January 2019 is less positive for the sixth consecutive month. The consumer confidence indicator has dropped 8 points and stands at 1. Opinions of Dutch consumers on the economic climate are considerably less positive. Willingness to buy has also deteriorated.

With a score of 1 in January, the consumer confidence indicator still remains above its long-term average over the past two decades (- 3). The indicator reached an all-time high in January 2000 (36) and an all-time low in March 2013 (- 41).

Opinions on economic climate less positive and willingness to buy deteriorating

In January, Dutch consumers are considerably less positive about the economic climate. This component indicator of consumer confidence has dropped from 17 to 3. Opinions on the economic climate in the past twelve months as well as in the coming twelve months are less positive than in December.

Consumers’ willingness to buy has deteriorated in January: -1, down from 3 in December. Consumers are less positive about their personal financial situation and about buying expensive, durable items.

Sources

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