Household spending in the Netherlands shrank 11.9 percent year-on-year in December of 2020, the biggest drop since May, as the country entered a coronavirus lockdown from December 15th and non-essential stores including restaurants, cafes and cinemas were closed. Biggest decreases were seen in spending on services (-17.1 percent) and durable goods (-16.2 percent), namely clothes and shoes while consumption of food, beverages and tobacco rose 6.7 percent. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.40 percent from 2002 until 2020, reaching an all time high of 4.30 percent in April of 2006 and a record low of -17.10 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 February of 2021.
Personal Spending in Netherlands is expected to be 4.50 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 5.70 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 5.70 percent in 2022 and 2.10 percent in 2023, according to our econometric models.