Netherlands consumer confidence edges up in July
This is despite political gridlock resulting in record-breaking coalition talks in terms of length.
The index remains firmly entrenched above the crucial 0-point mark that separates optimism from pessimism among Dutch consumers. July’s reading came in far above the 20-year average of minus 3 points.
Confidence among consumers rose on the back of a more upbeat view of the economy but their willingness to buy remains largely unchanged.
Consumers’ views were particularly more favorable on the economy in the last 12 months, while sentiment was marginally more upbeat about the economy in the next 12 months.
Willingness to buy remained largely unchanged as consumers’ sentiment on their personal financial situation in the next 12 months only inched up slightly, likely due to uncertainty surrounding the political landscape.
FocusEconomics Consensus Forecast panelists see private consumption expanding 1.7% in 2017, which is unchanged from last month’s estimate. In 2018, the panel expects private consumption to grow 1.6%. ■