Household consumption in the Netherlands increased by 1.7 percent year-on-year in October 2019, after a downwardly revised 1.9 percent rise in the previous month. Spending growth slowed for services (1.6 percent vs 1.7 percent in September) and durable goods (3.6 percent vs 4.8 percent). Meanwhile, spending rose further for other goods (0.3 percent vs 0.2 percent) and food, beverages, tobacco (0.5 percent vs 0.3 percent). Personal Spending in Netherlands averaged 0.75 percent from 2002 until 2019, reaching an all time high of 4.30 percent in April of 2006 and a record low of -3.10 percent in May of 2009. source: Statistics Netherlands

Personal Spending in Netherlands is expected to be 1.60 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 1.90 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 2.10 percent in 2020, according to our econometric models.

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Netherlands Household Consumption YoY

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.90 4.30 -3.10 2002 - 2019 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-19 04:30 AM Jul 1.7% 1.4% 2%
2019-10-22 04:30 AM Aug 1.4% 1.5% 2%
2019-11-21 05:30 AM Sep 2.2% 1.3% 1.7%
2019-12-20 05:30 AM Oct 1.7% 1.9% 2.5%
2020-01-22 05:30 AM Nov 1.7% 1.5%


News Stream
2019-11-21
Dutch Household Spending Rises the Most in 4 Months
Household consumption in the Netherlands increased by 2.2 percent year-on-year in September 2019, after a downwardly revised 1.3 percent rise in the previous month. This was the highest growth in household spending since May, as spending growth accelerated for services (1.8 percent vs 1.7 percent in August); durable goods (5.8 percent vs 0.8 percent), and other goods (1.0 percent vs 0.3 percent). Meanwhile, spending on food, beverages, tobacco was unchanged, after increasing 0.8 percent in the prior month.

2019-10-22
Dutch Household Spending Growth Eases in August
Household consumption in the Netherlands increased by 1.4 percent year-on-year in August 2019, after a downwardly revised 1.5 percent rise in the previous month. Spending growth slowed for both services (1.6 percent vs 1.8 percent in July) and durable goods (1.1 percent vs 2.2 percent). On the other hand, spending on other goods grew faster (1.3 percent vs 0.8 percent), while spending on food, beverages, tobacco went up by 0.8 percent, after being flat in the prior month.

2019-09-19
Dutch Household Consumption Growth Accelerates to 1.7%
Household consumption in the Netherlands increased by 1.7 percent year-on-year in July 2019, after a downwardly revised 1.4 percent rise in the previous month. Spending growth accelerated for services (1.9 percent vs 1.4 percent in June), while spending on other goods rebounded (1.0 percent vs -2.2 percent). Meantime, spending of durable goods slowed (3.0 percent vs 3.7 percent in June). On the other hand, spending on food, beverages, tobacco was flat after increasing by 0.5 percent in the prior month.

2019-08-21
Dutch Household Consumption Rises the Least in 3 Months
Household consumption in the Netherlands increased by 1.7 percent year-on-year in June 2019, after an upwardly revised 2.6 percent rise in the previous month. This was the weakest growth in household spending since March, as spending growth eased for both durable goods (4.0 percent vs 5.9 percent in May) and services (1.7 percent vs 1.8 percent). In addition, spending on other goods fell (-1.0 percent vs 5.8 percent). Conversely, spending on food, beverages, tobacco rebounded (0.3 percent vs -0.5 percent).

2019-07-22
Dutch Household Consumption Rises in May
Household consumption in the Netherlands increased by 2.4 percent year-on-year in May 2019, after a 1.8 percent rise in the previous month. This was the highest growth in household spending since December last year, as spending growth accelerated for both durable goods (6.1 percent vs 2.1 percent in April) and other goods (5.8 percent vs 1.7 percent). Meantime, consumption growth eased for services (1.4 percent vs 1.9 percent). On the other hand, spending on beverages, tobacco fell (-0.5 percent vs 1.4 percent).

2019-06-20
Dutch Household Spending Rises the Most in 4 Months
Household consumption in the Netherlands increased by 1.8 percent year-on-year in April 2019, accelerating from a downwardly revised 1.0 percent rise in the previous month. This was the highest growth in household spending since December last year, as spending growth accelerated for both food, beverages, tobacco (1.5 percent vs 1.0 percent in March) and services (1.9 percent vs 1.6 percent) while spending on other goods rebounded sharply (1.6 percent vs -6.6 percent). Meantime, consumption growth eased for durable goods (2.2 percent vs 4.7 percent).


Netherlands Household Consumption YoY
In the Netherlands, Household Consumption YoY measures the year-on-year change of consumption expenditure by households. Consumption expenditure includes all voluntary expenditure on goods and services by private individuals and households. It does not include compulsory expenditure such as taxes. Services is the most important sector and accounts for 58 percent of total consumption. The biggest segments within Services are housing; financial and business services; transport, communication services; and medical services and welfare. Consumption of goods account for the remaining 42 percent, in particular durable consumer goods (15 percent) and food, beverages and tobacco (15 percent).

Netherlands Consumer Last Previous Highest Lowest Unit
Consumer Confidence -2.00 -2.00 36.00 -41.00 points [+]
Retail Sales MoM 0.10 0.50 4.30 -5.80 percent [+]
Retail Sales YoY 2.60 4.00 9.30 -6.40 percent [+]
Consumer Spending 83267.00 83220.00 83267.00 40834.00 EUR Million [+]
Disposable Personal Income 346950.00 331011.00 346950.00 85986.00 EUR Million [+]
Personal Savings 25.44 9.66 28.38 1.97 percent [+]
Private Sector Credit 1060045.00 1046479.00 1108789.00 181146.00 EUR Million [+]
Bank Lending Rate 0.61 0.65 6.26 0.61 percent [+]
Personal Spending 1.70 1.90 4.30 -3.10 percent [+]
Consumer Credit 15145.00 15084.00 28719.00 12188.00 EUR Million [+]
Gasoline Prices 1.95 1.90 2.53 1.03 USD/Liter [+]
Households Debt To GDP 101.60 102.10 119.50 50.00 percent of GDP [+]
Households Debt To Income 199.13 208.93 231.82 151.56 percent [+]
Consumer Confidence Current Conditions 49.00 54.00 55.00 -84.00 [+]
Consumer Confidence Economic Expectations 41.00 40.00 49.00 -61.00 [+]
Consumer Confidence Financial Expectations 11.00 10.00 35.00 -27.00 [+]
Consumer Confidence Major Purchases Expectations 19.00 18.00 36.00 -43.00 [+]