Dutch consumer confidence stays deeply negative at -32 in Sept

The sentiment among consumers in the Netherlands was just as negative in September as it was in August and July, according to Statistics Netherlands (CBS). Consumer confidence remained at -32 in September. Willingness to buy improved slightly, while opinions regarding the economic climate deteriorated slightly.

With a headline figure of -32, the consumer confidence indicator for September is positioned well below its long-term average for the previous twenty years of -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, CBS said in a press release.

Consumers were slightly more pessimistic about the economy in September than they were in August. This component of the indicator fell from -52 to -53. Consumers were equally negative about the economic outlook for the next twelve months, but slightly more negative about the economic situation over the previous twelve months.

Consumer confidence in the Netherlands stayed at -32 in September, unchanged from August and July, well below the long-term average of -10, according to CBS.
While willingness to buy improved slightly to -18, outlook on the economy worsened from -52 to -53.
Consumers were more pessimistic about the past year’s economy, neutral on the next 12 months.

In September, willingness to buy was -18, up from -19 in August. Consumers were less negative about their personal financial situation for the next twelve months and equally negative about their financial situation over the previous twelve months. Consumers were just as negative about making large purchases in September as they were in August, added the release.

Fibre2Fashion News Desk (SG)