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

22 Sep '23

1 min read

Pic: Shutterstock

Insights

Dutch consumer confidence showed a slight uptick in September 2023, moving from minus 40 to minus 39, 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 2023.

In September 2023, consumer confidence in the Netherlands showed a marginal improvement, moving from minus 40 in August to minus 39, according to data from Statistics Netherlands (CBS). However, the consumer confidence indicator remains well below its long-term two-decade average of minus 10.

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 28 in September, up from minus 29 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 57 in September from minus 56 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.

Fibre2Fashion News Desk (DP)

More Statistics Netherland News... More Retail News - Netherlands...