Netherlands' consumer confidence sees slight improvement in September

23 Sep '24

2 min read

Netherlands' consumer confidence sees slight improvement in September

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Insights

Consumer confidence in the Netherlands improved slightly in September, rising to -21 from -24 in August, as per CBS.
While still below the long-term average of -10, perceptions of the economic climate and willingness to buy both saw gains.
The economic outlook component improved to -37, and willingness to buy rose to -11, as consumers felt less negative about personal finances and large purchases.

Consumer sentiment in the Netherlands showed a slight improvement in September compared to the previous month, according to Statistics Netherlands (CBS). The consumer confidence index rose to -21, up from -24 in August. Although still in negative territory, both the perception of the economic climate and willingness to spend have improved.

Despite this improvement, the overall confidence figure remains well below the long-term average of -10, recorded over the past 20 years. For comparison, consumer confidence hit an all-time high of 36 in January 2000 and a historic low of -59 in September and October 2022.

Consumer confidence is measured by balancing positive and negative responses across five questions, yielding a score between -100 and 100. September’s score reflects ongoing pessimism, though less severe than in August.

Consumers expressed reduced pessimism regarding the broader economy, with this component of the indicator rising to -37, up from -42 in August. This marks an improvement in how people view the economic situation over both the past 12 months and the upcoming year.

Consumer willingness to make purchases also saw a modest uptick. The willingness to buy indicator climbed to -11 in September, improving from -13 the previous month. Consumers reported feeling slightly better about their personal finances over the past year and were more optimistic about the year ahead. Additionally, there was a more positive attitude towards making larger purchases compared to August.

Fibre2Fashion News Desk (KD)

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