Household consumption in the Netherlands rose 0.3 percent year-on-year in April 2023, slightly down from a 0.8 percent increase in the previous month. It was the smallest gain since March 2021, due to lower consumption for household goods (-3.7 percent vs -1.4 percent in March), namely food, drinks & tobacco (-4.6 percent vs -5.8 percent), durable goods (-4.1 percent vs -3.9 percent), and other goods (-2.1 percent vs 6.8 percent), particularly natural gas. Meanwhile, consumers spend more on services (3.5 percent vs 2.8 percent), such as insurance, public transport and a visit to a restaurant, events or hairdresser. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.97 percent from 2000 until 2023, reaching an all time high of 15.00 percent in February of 2022 and a record low of -17.00 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 June of 2023.
Personal Spending in Netherlands is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands Household Consumption YoY is projected to trend around -0.40 percent in 2024 and 1.70 percent in 2025, according to our econometric models.