Dutch consumer confidence eroded for a third straight month in October, as households’ economic expectations weakened, leading to a diminished willingness to buy, survey data from the Central Bureau of Statistics showed on Friday.
The consumer confidence index declined to 15 from 19 in September. However, the score was well above the average of -3 over the past twenty years.
The sub-index reflecting economic expectations fell to 28 from 34. The willingness to buy indicator dropped to 6 from 8.
Households were also less positive regarding their financial situation and were less inclined to make big purchases.
Separately, the statistical office said household spending grew 2.2 percent year-on-year in August. The pace of growth was slower than those witnessed in the previous two months.