Consumer confidence in October is well below the average for the past twenty years. And only in March 1993 were we more pessimistic about employment than we are now. This is reported by the Central Bureau of Statistics (CBSThursday.
Consumer confidence is not yet at an all-time low, that was in March 2013 with minus 41. The peak was in January 2000 with 36. It now comes out at minus 30.
Statistics Netherlands concludes that Dutch consumers are exceptionally pessimistic about future unemployment.
No less than 92 percent of the consumers that Statistics Netherlands asked this month about their thoughts on future unemployment expect it to rise in the next twelve months. 5 percent think unemployment is falling.
The statistics office settles these percentages with each other, resulting in the balance of the positive and negative answers at minus 87. “Since the start of the time series in 1986, only in March 1993, at minus 88, consumers were even more gloomy about future unemployment,” it said. CBS.
In any case, consumers are more negative about the economy this month than in September. Willingness to buy remains reasonably stable compared to a month earlier.
Statistics Netherlands measures consumer confidence on the basis of how consumers think about the general economic situation and their own financial situation.
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