Dutch Consumer Mood Slightly More Negative 📉
Consumer confidence in the Netherlands fell further in December 2024, with consumers becoming more pessimistic about the general economic situation both in the past and upcoming 12 months.
The decline in consumer confidence in the Netherlands suggests a weakening economic outlook, which could negatively impact the performance of the investment portfolio, particularly the positions in the European market, CAC 40, and other equity-related investments. The reduced willingness to buy and perceptions of the timing for large purchases also indicate a potential slowdown in consumer spending, which could affect the performance of companies like Costco, Walmart, and other consumer-facing businesses in the portfolio.
Dutch Jobless Rate Unchanged at 3.7% 📈
The Netherlands' unemployment rate remained stable at 3.7% in November 2024, with a decrease in the number of unemployed individuals and an increase in employment.
The stable unemployment rate and increase in employment suggest a healthy labor market, which could have a moderately positive impact on the investment portfolio, particularly the positions in European and global equity markets.