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Dutch consumer confidence edges up in Sep, still below long-term avg

22 Sep '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Dutch consumer confidence showed a slight uptick in September ****, moving from minus **0 to minus **9, according to Statistics Netherlands (CBS).
  • While willingness to buy improved marginally in September, consumers' sentiments about the economic climate worsened.
  • The consumer confidence indicator remains well below the long-term average in September ****.

While consumers are slightly more willing to make purchases, their perception of the economic climate has deteriorated. The willingness to buy component of the index improved slightly, standing at minus ** in September, up from minus ** in August. Opinions about personal financial situations for the past and upcoming twelve months remained stable, but consumers are less negative about making large purchases compared to the previous month.

Conversely, consumer views on the broader economic situation have become marginally more negative. The component indicator for economic climate decreased to minus ** in September from minus ** in August. Both perspectives on the economic situation in the past year and expectations for the coming year are slightly more pessimistic than in August, as per CBS.

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