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Dutch consumer confidence sees slight boost in October 2023

26 Oct '23

1 min read

Pic: Adobe Stock/onlyyouqj

Insights

In October 2023, consumer confidence in the Netherlands improved slightly to -38, up from -39 in September—below the long-term average of -10.
Consumers' outlook on the economic climate and their willingness to buy both showed improvement.
The specific component tracking economic sentiment increased to -56 in October from -57 in September.

In October 2023, Dutch consumers are slightly less negative than they were in the previous month. Consumer confidence for the current month stands at -38, compared to -39 in September. Both consumers’ opinions about the economic climate and consumers’ willingness to buy have improved.

At -38, the consumer confidence indicator in October is positioned well below its long-term average over the past two decades at -10. The indicator reached an all-time high at 36 in January 2000 while the all-time low at -59 was reached in September and October 2022, according to Statistics Netherlands (CBS).

Consumers are somewhat less pessimistic about the economy in October than they were in September. This component indicator increased to -56, compared to -57 in September. Both consumers' opinions about the economic situation in the past 12 months and opinions about the economic situation in the next 12 months are slightly less negative.

Consumers’ willingness to buy stands at -27 in October, up from -28 in September. Opinions about the financial situation in the past 12 months deteriorated slightly, while opinions about the financial situation in the next 12 months improved somewhat. Consumers are less negative about making large purchases in October than they were in September.

Fibre2Fashion News Desk (NB)

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