Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
woman shopping economy
- Credit: Source: Pixabay/andigraf
Business
consumer confidence
consumer spending
economic climate
Statistics Netherlands
Tuesday, 20 October 2015 - 11:59
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Consumer confidence above pre-crisis level; spending up on warmer summer

The mood among consumers improved significantly in October. Consumer confidence rose by three points compared to September and amounted to 8 - the highest level its been in more than 8 years. The increased confidence can be seen in willingness to buy. Consumers spent 1.4 percent more in August than in the same month last year. This is according to figures from Statistics Netherlands, published on Tuesday. At 8 consumer confidence in October has finally reached above pre-crisis level. It is well above the -8 average of the last 20 years. Statistics Netherlands attributes this increase to consumers being more positive about the economic climate. The sub Economic climate amounted to 20 in October, compared to 14 in September. Consumer spending increased in all categories in August. Spending on food and drinks increased the most with 2.9 percent, compared to August 2014. Most of this increase can be attributed to spending on drinks and ice cream, which is due to the warmer summer. Consumers spent 2.2 percent more on other goods such as fuel and gas. Spending on durable goods such as clothing and household goods increased by 0.2 percent. And spending on services, such as rent, public transport and restaurants, increased by 1.1 percent. Statistics Netherlands expects that Dutch households' consumption will on balance be less favorable in October than in August and September, mostly due to consumers' opinions on future employment being more negative than last month. The assessment of the economic situation in the next 12 months is also less positive.

Follow us:

Latest stories

  • Nearly half of Ukrainian refugees in Netherlands have found employment
  • Cabinet ready to shorten duration of municipal debt relief down to 1.5 years
  • Two killed in fatal Arnhem fire are women aged 46 and 51
  • Lynxes might settle in Netherlands again; A "dilemma," Minister says
  • Leak of Dutch PM's row with Finance Minister is "Gossip and backstabbing;" Rutte apologized
  • Dutch police take down Exclu encrypted chat service with 42 arrests, €4 million seized

Top stories

  • Dutch police take down Exclu encrypted chat service with 42 arrests, €4 million seized
  • Signal failure briefly halts train traffic around A'dam; NS warns of significant delays
  • Matching medicine dosage to patient's DNA can cut side effects 30%: LUMC
  • Dutch airports' traveler numbers not yet back to pre-pandemic levels in 2022
  • Dutch parliamentarians support €57 rent reduction for low-income households
  • European office to gather proof of war crimes in Ukraine will set up in The Hague

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content