Consumers more confident on economy

20-02-2017

THE NETHERLANDS. The Dutch consumer confidence index hit a 9.5 year high in February, rising 1 point on January’s total to +14. Consumers being more positive about the economy in general and are therefore more likely to spend money, national statistics office CBS said on Monday.

The index reached a high of +27 in April 2000 but plunged to as low as -44 at the height of the economic crisis in February 2013.

The CBS also said on Monday that consumer spending rose 2.5% in December, in line with developments in the previous two months.

In particular, consumers spent more on consumer durables such as fridges, as well as furnishings and cars. The cold weather also boosted spending on gas for heating.

This article appeared first on dutchnews.nl.

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