Dutch Consumer Confidence Continues to Grow

Dutch consumer confidence improved marginally in February according to figures released by Statistics Netherlands. The confidence index climbed 2 points to reach -10. The improvement was entirely due to an increase in consumers’ willingness-to-buy. Their opinions about the economic situation in general remained stable. The mood among Dutch consumers has lifted almost continuously since the summer of 2013.

Willingness-to-buy increased in February. Consumers thought the time to buy expensive items like washing machines and TV sets was less unfavourable than in January. Their opinions about their own financial situation were also less negative than in January. On balance, the component indicator willingness-to-buy rose 3 points to -12, but willingness-to-buy is still at a low level.

The component indicator economic climate remained stable at -6. For the fourth consecutive month, consumers are positive about the economic situation in the next twelve months, but they are less optimistic in February than were in January. Their opinions on the economic climate over the past 12 months improved further in February relative to January.

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