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Dutch consumer confidence reaches eight-year high

October 20, 2015

busy street shops retail amsterdamDutch consumer confidence has reached its highest level in eight years this month, the national statistics office CBS said on Tuesday.

The confidence index hit +8, a rise of five points on September, the CBS said.

The index hit its highest ever point of +27 in April 2000 but had fallen to -44 by February 2013 in the wake of the economic crisis.

Consumer spending was also up 1.4% in August, compared with the previous year, the CBS said. However, this is likely to be less promising in September and October because of concerns about employment levels, the CBS said.

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