Consumer confidence at 2-year high
23 July 2004 , AMSTERDAM — Dutch consumer confidence rose in July for the second consecutive month and is now at its highest level in two years, the Central Bureau of Statistics (CBS) said on Friday.
23 July 2004
AMSTERDAM — Dutch consumer confidence rose in July for the second consecutive month and is now at its highest level in two years, the Central Bureau of Statistics (CBS) said on Friday.
But despite the fact that the negative trend has been broken, the CBS said consumers are still very cautious, newspaper De Volkskrant reported.
Consumer confidence bottomed out 12 months ago when it recorded its lowest level since the start of the 1980s and despite the recent rise, the CBS said confidence is still low.
The CBS figure consists of two parts: consumer confidence in the economy and consumer appraisal of the personal financial situation.
The monthly CBS investigation particularly yielded a higher figure due to the more positive assessment of the Dutch economy. Research respondents were more optimistic and the 2003 recession was not particularly tough.
The CBS said consumers "were more positive about the economic climate of the last twelve months and the twelve months to come".
But consumers showed no change in their assessment of their personal financial situation. Despite this, the research showed they were more prepared to buy durable goods in July, but in general showed restraint in shopping.
[Copyright Expatica News 2004]
Subject: Dutch news