CBS - Statistics Netherlands

11/20/2020 | News release | Distributed by Public on 11/20/2020 09:39

Consumers less pessimistic in November

At -26 the consumer confidence indicator in November stands far below its long-term average over the past two decades (-7). The indicator reached an all-time high (36) inJanuary 2000and an all-time low (-41) inMarch 2013.

December 21
2017 January 21
2017 February 22
2017 March 24
2017 April 26
2017 May 23
2017 June 23
2017 July 25
2017 August 26
2017 September 23
2017 October 23
2017 November 22
2017 December 25
2018 January 24
2018 February 23
2018 March 24
2018 April 25
2018 May 23
2018 June 23
2018 July 23
2018 August 21
2018 September 18
2018 October 15
2018 November 13
2018 December 9
2019 January 0
2019 February -2
2019 March -4
2019 April -3
2019 May -3
2019 June 0
2019 July 2
2019 August 0
2019 September -2
2019 October -1
2019 November -2
2019 December -2
2020 January -3
2020 February -2
2020 March -2
2020 April -22
2020 May -31
2020 June -27
2020 July -26
2020 August -29
2020 September -28
2020 October -30
2020 November -26

Economic sentiment less negative

Consumers' sentiment about the general economic situation has improved in November. This component indicator stands at -53, up from -61. Consumers are mainly less pessimistic about the economic situation in the next twelve months. Opinions on the economic situation over the past twelve months were also less negative.

Willingness to buy improved

Consumer' willingness to buy stands at -7, up from -9 in October. Consumers are more optimistic about their financial situation for the next twelve months. Furthermore, they find the time for large purchases less unfavourable. Opinions of consumers about the financial situation over the past twelve months remained the same.

Consumer confidenceWillingness to buyFinancial situationpast 12 monthsGood time to buyconsumer durablesFinancial situation12 months to comeEconomic climateEconomic situationpast 12 monthsEconomic situation12 months to comeConsumer confidenceSamenstelling consumentenvertrouwenConsumentenvertrouwenKoopbereidheidFinanciële situatieafgelopen 12 mndnGunstige tijd voorgrote aankopenFinanciële situatiekomende 12 mndnEconomisch klimaatEconomische situatieafgelopen 12 mndnEconomische situatiekomende 12 mndn

Coronavirus has had a significant impact on consumer confidence. In order to arrive at proper series estimates in terms of level and seasonal influences, CBS has made some adjustments to its time series model. This could have resulted in slightly reduced accuracy of the data.