No further decline in consumer confidence

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© CBS / Nikki van Toorn
According to Statistics Netherlands (CBS), consumer confidence has not dropped further in April after eight consecutive months of decline. The consumer confidence indicator stands at -3 this month, one point up on the previous month. The willingness to buy has improved slightly, while opinions on the economic climate have not changed.

At -3, the consumer confidence indicator in April stands at 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).

Willingness to buy improves slightly, opinions on economic climate unchanged

Consumers’ willingness to buy has improved slightly: from -4 in March to -3 in April. Consumers have not changed opinion about their financial situation but do find the time slightly more favourable to make large purchases.

The component indicator on Economic climate remains at -3. In April, consumers are slightly less positive about the economic climate in the past twelve months while their outlook for the coming twelve months is slightly less negative.

Sources

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