Dutch consumer confidence improves slightly in April 2024

24 Apr '24

1 min read

Dutch consumer confidence improves slightly in April 2024

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Insights

Consumer confidence in the Netherlands improved slightly in April, rising to minus 21 from minus 22 in March, marking eight months of gains.
The figure remains below the two-decade average of minus 10.
Economic pessimism decreased slightly, while willingness to buy improved modestly, reflecting a cautious consumer sentiment on high-value purchases.

Consumer confidence in the Netherlands has shown a slight improvement in April, marking the eighth consecutive month of gains, according to the latest data from Statistics Netherlands (CBS). The consumer confidence indicator for April stood at minus 21, a marginal improvement from minus 22 in March, though it still remains well below the long-term average of minus 10 observed over the past two decades.

In April, Dutch consumers showed slightly less pessimism regarding the economy, with this component of the indicator improving to minus 34 from minus 35 in March. While their assessment of the economic situation over the past twelve months has seen positive changes, their outlook for the next twelve months has deteriorated, as per CBS.

In terms of willingness to buy, the indicator has become slightly less negative, moving from minus 14 in March to minus 13 in April. This improvement is attributed to consumers' better perception of their personal financial situation over the past year and their expectations for the coming year. However, the sentiment regarding making large purchases remained unchanged, indicating continued caution among consumers about spending on high-value items.

Fibre2Fashion News Desk (DP)

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