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European Economic News

Dutch Consumer Sentiment Weakens In May

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Confidence among Dutch households deteriorated in May, after improving in the previous month, data released by the Central Bureau of Statistics showed Tuesday.

The consumer confidence index dropped to -38 in May From -32 in April. In March, the reading was -39.

Households were slightly less pessimistic about their current personal finances compared to a year earlier, with the relevant indicator edging up to -22 in May from -23 in April.

Meanwhile, consumers expectations for their financial situation in the next twelve months turned more pessimistic during the month, with the corresponding sub-index falling to -25 from -15 in April.

The measure of Dutch households' views of the country's present economic situation compared to 12 months earlier turned more downbeat in May. The relevant indicator decreased to -75 in May from -67 in April, while the sub-index that gauges consumers' expectations for the Dutch economy in the coming months fell sharply to -48 from -39, data showed.

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