Consumer confidence falls for third month in a row

Photo: Depositphotos.com
A busy shopping street in Amsterdam. Photo: Depositphotos.com

Dutch consumer confidence in the economy fell again in October, the national statistics office CBS said on Friday. Consumer confidence has now fallen for three months in a row.

This month’s four point decline takes the confidence index to 15, but this is still well above the -3 average over the past 20 years, the CBS pointed out.

In particular, consumers have less confidence in the economic climate and are less willing to spend money on major purchases.

However, CBS figures covering consumer spending in August show a rise of 2%, year on year. The increase was down to spending on white goods, cars and clothing, the CBS said.

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