European Economic News

Dutch Jobless Rate Rises; Consumer Confidence Falls

Unemployment rate in the Netherlands increased marginally in May, data from Statistics Netherlands showed Thursday.

The unemployment rate rose to 8.3 percent in May from 8.2 percent in April. On a seasonally adjusted basis, the number of unemployed increased by 9,000 persons from a month earlier to 659,000.

Separately, the statistical office reported that Dutch consumer confidence deteriorated in June compared to May. The confidence index fell by 4 points to -36.

Consumers were more more pessimistic about about the general economic climate. Willingness to buy remained stable.

by RTTNews Staff Writer

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