Household consumption in the Netherlands dropped 6.2 percent from a year earlier in July 2020, the fifth straight month of decline amid the coronavirus crisis. Spending on services was 14.9 percent lower, mostly led by restaurants, hairdressers, theatres, gyms and football games as well as public transportation. Still, consumers spent more on services such as telephone and internet subscriptions, insurances, housing services, private lease and courier services. Meanwhile, spending on durable goods increased 9.8 percent as households spent more on electrical appliances, home furnishings and cars. Consumers also spent 1.8 percent more on food, beverages and tobacco. Spending on other goods, such as natural gas and motor fuels was 3.1 percent up.

Personal Spending in Netherlands averaged 0.54 percent from 2002 until 2020, reaching an all time high of 4.30 percent in April of 2006 and a record low of -16.50 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 September 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 6.20 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.

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Netherlands Household Consumption YoY

Actual Previous Highest Lowest Dates Unit Frequency
-6.20 -7.10 4.30 -17.10 2002 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 04:30 AM Apr -17.4% -6.4% -10.2%
2020-07-22 04:30 AM May -12.8% -17.3% -10.2%
2020-08-14 07:30 AM Jun -7% -11.9% -4.8%
2020-09-22 04:30 AM Jul -6.2% -7.1% -4.3%
2020-10-22 04:30 AM Aug -6.2% -4.8%
2020-11-20 05:30 AM Sep -3.2%
2020-12-21 05:30 AM Oct


News Stream
Dutch Household Consumption Falls for 5th Month in a Row
Household consumption in the Netherlands dropped 6.2 percent from a year earlier in July 2020, the fifth straight month of decline amid the coronavirus crisis. Spending on services was 14.9 percent lower, mostly led by restaurants, hairdressers, theatres, gyms and football games as well as public transportation. Still, consumers spent more on services such as telephone and internet subscriptions, insurances, housing services, private lease and courier services. Meanwhile, spending on durable goods increased 9.8 percent as households spent more on electrical appliances, home furnishings and cars. Consumers also spent 1.8 percent more on food, beverages and tobacco. Spending on other goods, such as natural gas and motor fuels was 3.1 percent up.
2020-09-22
Dutch Household Consumption Continues to Fall in June
Household consumption in the Netherlands slumped 7.0 percent from a year earlier in June 2020, following two months of record contractions, due to the coronavirus crisis. Spending on services was 13.9 percent lower (vs -20.2 percent in May), mostly led by restaurant, theater, amusement park, gym, football match and the use of public transport. At the same time, consumers spent more on services such as telephone and internet subscriptions, insurance, housing services, private leasing and courier services. Meanwhile, spending on durable goods increased 3.1 percent (vs -2.9 percent in May) as households bought more home furnishing articles and electrical equipment. However, they spent less on clothes and shoes. Consumers also spent 2.7 percent more on food than in June 2019 (vs 6.0 percent in May). On other goods, such as gas and motor fuels, they spent about the same as a year earlier.
2020-08-14
Dutch Household Consumption Continues to Fall
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.
2020-07-22
Dutch Personal Spending Falls at Record Pace
The Netherlands' household consumption slumped 17.4 percent from a year earlier in April 2020, the largest decline on record, amid the coronavirus pandemic. Consumers spent 24.6 percent less on services, including restaurants, hairdressers, theaters, amusement parks, gyms and football games as well as public transportation. Spending on durable goods tumbled 14.8 percent, after declining by 6.7 percent in the previous month. Also, consumption of other goods fell sharply (-7.7 percent vs 0.1 percent in March). In addition, consumption of food, beverages and tobacco rose 3.6 percent, slowing from a 9.4 percent gain in March.
2020-06-22

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).