Netherlands: Consumer confidence increases in the last month of the year
Consequently, the confidence index remained firmly anchored above the critical zero-point mark, separating optimism from pessimism among Dutch households.
Consumer confidence has remained positive since March 2015, and December’s reading is significantly higher than the long-term average over the last 20 years of minus 3 points.
The improvement in consumer confidence was broad-based. Consumers have become more optimistic on the domestic economy—their views on the economy in the last 12 months and in the next 12 months improved—and are more willing to buy.
They also hold a more favorable view of their financial situations in the previous year and the year ahead.
FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2018, which is up 0.2 percentage points from last month’s estimate. In 2019, the panel expects private consumption to grow 1.7%. ■