Household consumption in the Netherlands rose by 2.3 percent year-on-year in December 2018, the same pace as in the previous month. Spending growth accelerated for both services (2.5 percent vs 2.1 percent in November) and food, beverages, tobacco (3.2 percent vs 0.9 percent); while consumption of durable goods went up at a softer pace (2.9 percent vs 4.1 percent) and that of other goods fell (-0.5 percent vs 2.7 percent). Personal Spending in Netherlands averaged 0.71 percent from 2002 until 2018, 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 2.30 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 0.90 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 1.00 percent in 2020, according to our econometric models.