Consumer confidence hardly changed in January

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In January, confidence among Dutch consumers has hardly changed, as reported today by Statistics Netherlands (CBS). The consumer confidence indicator stands at -19, up from -20 in December.

At -19, the consumer confidence indicator in January stands far below its long-term average over the past two decades (-7). The indicator reached an all-time high (36) in January 2000 and an all-time low (-41) in March 2013.

Economic sentiment virtually the same

Consumers’ sentiment about the general economic situation is almost the same as in December. This component indicator stands at -39, up from -40. Consumers are slightly less pessimistic about the economic situation in the next twelve months, but slightly more pessimistic over the past twelve months than in December.

Willingness to buy unchanged

Consumers’ willingness to buy stands at -6, just like in December. Consumers are slightly more optimistic about their financial situation for the next twelve months and slightly less negative about the financial situation over the past twelve months. Furthermore, they find the time for large purchases more unfavourable.

Sources

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