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Dutch Consumer Confidence Drops Sharply Amid Middle East War Concerns
(MENAFN) Consumer confidence in the Netherlands declines significantly as concerns linked to the war in the Middle East begin to weigh on household financial outlooks, as stated by reports citing data from Statistics Netherlands (CBS).
According to reports, rising costs—particularly fuel prices—are prompting more households to delay major spending decisions. CBS data shows consumer confidence falls to -44 in April, marking one of the steepest monthly drops in recent years.
“With neutral consumer confidence, the CBS measurement stands at zero. One half of the population is positive, the other half negative,” economist Frank Notten is quoted as saying.
He added that confidence had previously hit a historic low of -59 in September 2022 during the energy crisis linked to the war in Ukraine.
Notten said the latest decline, from -30 in March to -44 in April, is “truly exceptionally high,” and represents the second-largest monthly drop since records began in 1986.
He also noted that consumer sentiment appears highly sensitive to global political developments, stating: “Since Trump came to power, news has been coming thick and fast, and consumer confidence seems to be following this pattern,” referring to the Middle East conflict and broader international uncertainty.
As stated by reports, Statistics Netherlands said it cannot point to a single cause for the decline but acknowledged that global instability is increasingly influencing household expectations.
According to reports, rising costs—particularly fuel prices—are prompting more households to delay major spending decisions. CBS data shows consumer confidence falls to -44 in April, marking one of the steepest monthly drops in recent years.
“With neutral consumer confidence, the CBS measurement stands at zero. One half of the population is positive, the other half negative,” economist Frank Notten is quoted as saying.
He added that confidence had previously hit a historic low of -59 in September 2022 during the energy crisis linked to the war in Ukraine.
Notten said the latest decline, from -30 in March to -44 in April, is “truly exceptionally high,” and represents the second-largest monthly drop since records began in 1986.
He also noted that consumer sentiment appears highly sensitive to global political developments, stating: “Since Trump came to power, news has been coming thick and fast, and consumer confidence seems to be following this pattern,” referring to the Middle East conflict and broader international uncertainty.
As stated by reports, Statistics Netherlands said it cannot point to a single cause for the decline but acknowledged that global instability is increasingly influencing household expectations.
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