Consumer confidence reaches 10-year low on euro crisis fears

Dutch consumer confidence fell to a 10-year low in June as fears about the eurozone financial troubles grew, the national statistics office CBS said on Wednesday.


The broad confidence index fell two points to -40 but confidence in the economy fell four points to -65 as consumers said they expect the economic woes to continue for at least the next 12 months.
Consumers’ willingness to make major purchases remained unchanged at -23.
Despite the gloom, Dutch national income per head of the population is 31% above the EU average, European statistics agency Eurostat said on Tuesday.
Luxemburg, with its large number of cross border workers and international banking industry, is the richest EU country with GDP per capita 274% above the average.

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