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At -50, the consumer confidence indicator in June is positioned well below its long-term average over the past two decades (-9). The indicator reached an all-time high (36) in January 2000 while the all-time low (-50) was reached in June 2022. CBS has been measuring consumer confidence since April 1986.

Consumer confidence, seasonally adjusted
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 -19
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
2021 November -19
2021 December -25
2022 January -28
2022 February -30
2022 March -39
2022 April -48
2022 May -47
2022 June -50

Consumers’ sentiment about the economic climate hardly changed

Consumers are about as pessimistic about the economy in June as they were in May. This component indicator stands at -69, compared to -68 in May. Consumers are gloomier about the economic situation in the next twelve months, but slightly less negative about the economy over the past twelve months. 

Willingness to buy reaches all-time low

Consumers’ willingness to buy stands at -37, compared to -33 in May. This is the lowest level since the beginning of the time series in 1986. Consumers are more pessimistic about both their financial situation in the next twelve months and their financial situation in the past twelve months than they were in May. They also find the time for making large purchases more unfavourable than in the previous month. Never before have consumers been so negative about this as in June 2022. 




More and more consumers classify price increases as sharp

In the monthly consumer survey, there are also questions that are not related to consumer confidence, about prices and unemployment for example. In June, 77 percent of consumers have classified the price increases in the past year as sharp. This is the highest percentage since the beginning of the time series in 2017. The percentage expecting inflation to accelerate in the coming twelve months remains fairly stable at 31.

Consumers considering price increases as sharp
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
2021 November 53
2021 December 55
2022 January 57
2022 February 66
2022 March 67
2022 April 71
2022 May 73
2022 June 77

Respondents positive about future unemployment

In June, consumers are positive about future unemployment. The percentage of respondents expecting unemployment to fall (41 percent) is larger than the percentage anticipating an increase (19 percent). As a result, the balance of positive and negative answers is +22 percent.

Expectations on unemployment
2018 July 45.6
2018 August 46.3
2018 September 45.6
2018 October 35.8
2018 November 38.2
2018 December 27.8
2019 January 24.9
2019 February 25.5
2019 March 25.4
2019 April 21.5
2019 May 28.3
2019 June 28.7
2019 July 23
2019 August 10.5
2019 September 12.2
2019 October 4.5
2019 November -11.3
2019 December -12.9
2020 January -6.3
2020 February 0.4
2020 March -14.4
2020 April -77.6
2020 May -80.5
2020 June -76.2
2020 July -78.7
2020 August -82.9
2020 September -76.8
2020 October -86.5
2020 November -79.3
2020 December -69.1
2021 January -61.5
2021 February -59.1
2021 March -50.9
2021 April -37.7
2021 May -14.4
2021 June 12.8
2021 July 14.3
2021 August 14.5
2021 September 25.8
2021 October 20.2
2021 November 12.6
2021 December 7.4
2022 January 7.5
2022 February 19.9
2022 March 8.9
2022 April 3.4
2022 May 14.9
2022 June 21.9

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