A decrease in the unemployment rate in the last quarter of 2015 led to slightly higher spending in November. Consumer confidence dropped by 2 points in January, according to figures released by Statistics Netherlands on Thursday.
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.
Consumer confidence in the Netherlands has been positive for seven months in a row. It took a slight dip to 5 in September, compared to 6 in August, but is still well above the -8 average for the last 20 years.
Unemployment dropped to 6.8 percent of the working population in July, compared to 7.3 percent in the same month last year. Consumer confidence increased by 2 points in August and is up to 6. And consumers spent 2.2 percent more in June this year than in the same month in 2014.
The mood among consumers improved significantly in June compared to the previous month. Consumer confidence rose by four percentage points and is now at six percent, reports Statistics Netherlands (CBS). This is the highest level seen in the Netherlands since 2007.
According to Statistics Netherlands, consumers regained confidence in the economy in October.
Statistics Netherlands announced today that consumer confidence decreased with 1 point in September, amounting to -7.