Dutch consumer confidence drops

30th July 2008, Comments 0 comments

Consumer confidence dropped from 19 to -31 and is the second largest ever recorded, says Statistics Netherlands.

30 July 2008

THE NETHERLANDS - Dutch consumers appear to have lost faith in the economy. The indicator used by Statistics Netherlands to measure consumer confidence dropped from -19 to -31, which means that pessimists now outnumber optimists by 31 percent. The drop is the second largest ever recorded.

Statistics Netherlands says consumers have not just become more pessimistic about the economy in general, but also about their own financial situation. The past month also showed a substantial decrease in consumer willingness to make major purchases.

[Radio Netherlands / Expatica]

If you would like to comment on this topic, you can do so below or in our discussion forums at: http://forum.expatica.com/Netherlands-f207.html. (Forums require a personal profile. Sign up here.)  

0 Comments To This Article