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Dutch consumers confidence increased in November

Staff writer |
Dutch consumers grew slightly more confident in November. The seasonally-adjusted consumer confidence indicator produced by the Central Bureau of Statistics (CBS) inched up from October’s 8 points to 9 points in November. Consumers had not been this confident since August 2007.

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As result, the index remained above the 0-point threshold, which indicates that optimists outnumber pessimists. This represents the seventh consecutive month in which consumer sentiment was in optimistic territory, FocusEconomics reports.

Consumer confidence improved because consumers were a bit more positive about the general economic situation and somewhat more willing to buy. In fact, consumers’ willingness to buy turned positive for the first time in over eight years.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.7% in 2015, which is unchanged from last month’s estimate. In 2016, the panel expects private consumption to grow 1.4%, which is also unchanged from last month’s estimate.

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