The Netherlands' household consumption dropped 12.8 percent from a year earlier in May 2020, after a record 17.3 percent slump in the previous month, as the coronavirus pandemic hit demand. Consumers spent 22.4 percent less on services (vs -24.3 percent in April), including restaurants, theaters, amusement parks, gyms and football games as well as public transportation. Also, spending on durable goods fell 1.6 percent (vs -14.9 percent in April) and consumption of other goods declined 7.0 percent (vs -10.3 percent in April). Meanwhile, consumption of food, beverages and tobacco rose 6.3 percent, accelerating from a 3.6 percent gain in April.
Personal Spending in Netherlands averaged 0.60 percent from 2002 until 2020, reaching an all time high of 4.30 percent in April of 2006 and a record low of -17.30 percent in April of 2020. This page provides - Netherlands Consumer Spending MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands Household Consumption YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Netherlands
Personal Spending in Netherlands is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in Netherlands to stand at 4.20 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 5.70 percent in 2021 and 2.10 percent in 2022, according to our econometric models.