Dutch consumer confidence improves further in November: CBS

With a headline figure of -27, the consumer confidence indicator for November 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. Statistics Netherlands has monitored consumer confidence every month since April 1986, based on its 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.

Consumers were less pessimistic about the economy in November than they were in October. This component of the indicator rose from -46 to -34. Consumers were less negative about the economic outlook for the next twelve months, in particular.

In November, willingness to buy was -12, up from -14 in October. Consumers were more positive about their personal financial situation for the next twelve months, and were less negative about their financial situation over the previous twelve months. Consumers were also less negative about making large purchases in November than they were in October.

ALCHEMPro News Desk (RR)