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). Personal Spending in Netherlands averaged 0.72 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.
Personal Spending in Netherlands is expected to be 1.90 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 1.80 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.