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Netherlands: Consumer mood negative for first time in 4 years

Staff Writer |
For the first time since March 2015, the mood among Dutch consumers is negative, according to Statistics Netherlands (CBS).

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The consumer confidence indicator stands at -2 in February, down from 1 in January. Opinions of Dutch consumers on the economic climate as well as their willingness to buy have deteriorated slightly.

With a score of -2 in February, the consumer confidence indicator still remains above its long-term average over the past two decades (-3). The indicator reached an all-time high in January 2000 (36) and an all-time low in March 2013 (-41).

In February, Dutch consumers are less positive about the economic climate than in January. This component indicator of consumer confidence has dropped from 3 to 1. Opinions on the economic climate in the past twelve months as well as in the coming twelve months have deteriorated.

Consumers’ willingness to buy has also deteriorated in February : -3, down from -1 in January. Consumers are more negative about their personal financial situation in the past 12 months and about buying expensive, durable items. ■

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