Retail

Netherlands' consumer confidence improves slightly in April 2023: CBS

21 Apr '23

2 min read

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Insights

Consumer confidence in the Netherlands has improved for the sixth consecutive month in April.
However, the confidence indicator remains low at minus 37, below the long-term average.
Consumers remain pessimistic about the economy, with opinions about the economic climate hardly changing.
However, consumers are less negative about their financial situation.

Consumer confidence in the Netherlands has improved for the sixth consecutive month in April 2023, according to the recent data by Statistics Netherlands (CBS). However, while the improvement is a positive sign, consumer confidence remains low, with the confidence indicator standing at minus 37 in April, up from minus 39 in March. The indicator is still well below the long-term average over the past two decades, which is minus 10.

The consumer confidence indicator reached an all-time high of 36 in January 2000, while the all-time low of minus 59 was recorded in September and October 2022.

Despite the slight improvement in consumer confidence, opinions about the economic climate have hardly changed, with the component indicator remaining at minus 48. Consumers’ opinions about both the economy in the next twelve months and the economy over the past twelve months have not or have hardly changed, as per CBS.

On a positive note, consumers' willingness to buy has improved, with the indicator standing at minus 30 in April, up from minus 33 in March. Consumers are less negative about their financial situation in the next twelve months and their financial situation over the past twelve months. Consumers are also less negative about making large purchases in April than they were in March.

Fibre2Fashion News Desk (DP)

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