The Dutch consumer confidence index plunged 20 points in March, its biggest monthly drop ever recorded, the national statistics agency CBS said on Wednesday.
The decline takes the index to -22, still well above its all time low of -41 in March 2013. The index has averaged around -5 over the past 20 years.
In particular, consumers’ willingness to spend money has dropped 19 points, as people worry about the impact of coronavirus on their own finances. Some 85% of people expect unemployment will rise over the next 12 months, the CBS said.
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