Consumer spending plunges in April, but confidence is up slightly in June
Dutch consumer spending plunged 17% in April, its biggest ever drop, the national statistics agency CBS said on Monday.
Households spent 25% less on services – such as cafes and restaurants, cinemas, theatres and amusement parks – and fuel. However, spending on food and drink was up 3.6% as people were confined to their homes due to the coronavirus lockdown, the CBS said.
Consumers also spent less on clothes, shoes and cars. ‘But they did spend more on electronic equipment and household goods,’ the CBS said.
The CBS also said on Monday that consumers are less gloomy about the country’s and their own economic prospects in June than they had been in May.
The consumer confidence index has risen by four percentage points to -27 this month. The lowest level the index has ever reached was in March 2013, when it fell to -41.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation