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At -10, the consumer confidence indicator in October is positioned below its long-term average over the past two decades (-8). The indicator reached an all-time high (36) in January 2000 and an all-time low (-41) in March 2013.

Consumer confidence, seasonally adjusted
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 1
2019 February -2
2019 March -3
2019 April -3
2019 May -3
2019 June -1
2019 July 1
2019 August -1
2019 September -2
2019 October -1
2019 November -2
2019 December -2
2020 January -2
2020 February -2
2020 March -3
2020 April -23
2020 May -31
2020 June -27
2020 July -26
2020 August -29
2020 September -28
2020 October -30
2020 November -26
2020 December -20
2021 January -19
2021 February -19
2021 March -18
2021 April -14
2021 May -9
2021 June -3
2021 July -4
2021 August -6
2021 September -5
2021 October -10

Consumers more pessimistic about the economy

Consumers’ sentiment about the economic climate is more negative than in September. This component indicator stands at -14, down from -8. Consumers are more negative about the economic situation over the next twelve months. Opinions on the economic situation over the past twelve months have not changed.

Willingness to buy lower

Consumers’ willingness to buy stands at -7, down from -3 in September. Consumers are more negative about their financial situation in the coming twelve months. Opinions on their financial position in the past twelve months and on making large purchases deteriorated as well.

More and more consumers classify price increases as sharp

In October, 48 percent of consumers classified the price increases in the past year as sharp. This is the highest percentage since the beginning of the time series in 2017. Furthermore, 49 percent expected price increases to accelerate in the next twelve months. In September, this share still amounted to 35 percent.

Consumers classifying price increases as sharp
2017 November 15
2017 December 16
2018 January 14
2018 February 15
2018 March 16
2018 April 18
2018 May 21
2018 June 25
2018 July 20
2018 August 24
2018 September 23
2018 October 23
2018 November 22
2018 December 23
2019 January 21
2019 February 30
2019 March 37
2019 April 37
2019 May 40
2019 June 36
2019 July 40
2019 August 37
2019 September 37
2019 October 32
2019 November 30
2019 December 29
2020 January 32
2020 February 33
2020 March 25
2020 April 18
2020 May 15
2020 June 18
2020 July 21
2020 August 22
2020 September 18
2020 October 18
2020 November 16
2020 December 17
2021 January 16
2021 February 19
2021 March 21
2021 April 19
2021 May 24
2021 June 33
2021 July 40
2021 August 37
2021 September 43
2021 October 48

Source of original article: Statistics Netherlands (CBS) (www.cbs.nl).
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