Household consumption in the Netherlands increased by 1.7 percent year-on-year in July 2019, after a downwardly revised 1.4 percent rise in the previous month. Spending growth accelerated for services (1.9 percent vs 1.4 percent in June), while spending on other goods rebounded (1.0 percent vs -2.2 percent). Meantime, spending of durable goods slowed (3.0 percent vs 3.7 percent in June). On the other hand, spending on food, beverages, tobacco was flat after increasing by 0.5 percent in the prior month. Personal Spending in Netherlands averaged 0.74 percent from 2002 until 2019, 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 1.70 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 2.00 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 2.10 percent in 2020, according to our econometric models.