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 October 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.