Dutch consumer spending continues to rise

25th May 2015, Comments 0 comments

Both Dutch companies and consumers are showing increasing confidence in the economy, the national statistics office CBS said on 22 May.

Dutch consumer spending rose 1.9 percent in March, compared with the year earlier period, while investment by industry soared 14.3 percent, the CBS said.

In particular, consumers spent more on gas, domestic appliances and furniture. The consumer confidence index has now hit +two, meaning there are slightly more optimists than pessimists.

In February, the index rose above zero for the first time in over seven years, recovering from a record low of -44 set in February 2013.

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