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Consumer confidence in Netherlands improves further in March

Staff Writer |
The seasonally-adjusted consumer confidence indicator produced by Statistics Netherlands rose from February’s plus 14 points to plus 16 points in March, the highest reading since June 2007.

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The index thus moved further above the 0-point threshold which indicates that optimistic consumers outnumber pessimistic consumers.

Consumer confidence improved mainly on the back of a more upbeat sentiment about the economic climate and an increased willingness to buy.

As for the economic climate, they were more positive about both the economic outlook for the next 12 months and the economic situation in the past 12 months.

Regarding their willingness to buy, consumers were more inclined to buy big ticket items, although they were slightly more pessimistic of their financial situation in the last year while their opinion of their financial situation in the next 12 months remained unchanged.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.6% in 2017, which is up 0.1 percentage points from last month’s estimate. In 2018, the panel expects private consumption to grow 1.4%.

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