Household consumption in the Netherlands surged 13.8% year-on-year in February of 2022, accelerating from a 11.1 percent rise in the previous month. It was the strongest growth in household spending since the series began in January 2000, mainly boosted by gains in spending on both durable goods (32% vs 27.8% in January) and services (16.8% vs 12.4%), amid low base effects. Within services, consumption increased for telephone and internet subscriptions, insurance, hairdresser, restaurants and football matches. Spending was also higher for clothing, shoes, home furnishings and electrical equipment, due to lifting Covid-19 restrictions, while a year earlier, non-essential shops in particular were still affected by a hard lockdown. source: Statistics Netherlands

Personal Spending in Netherlands averaged 0.75 percent from 2000 until 2022, reaching an all time high of 13.80 percent in February of 2022 and a record low of -17.40 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 May of 2022.

Personal Spending in Netherlands is expected to be 1.00 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 2.50 percent in 2023 and 2.10 percent in 2024, according to our econometric models.

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Netherlands Household Consumption YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-03-23 05:30 AM Jan 11.1% 4.8% 5.4%
2022-04-21 04:30 AM Feb 13.8% 11.1% 10.8%
2022-05-17 07:30 AM Mar 13.8% 13.2%


Related Last Previous Unit Reference
Consumer Confidence -48.00 -39.00 points Apr 2022
Retail Sales MoM 4.20 -4.20 percent Feb 2022
Retail Sales YoY 8.80 16.50 percent Mar 2022
Consumer Spending 82881.00 82937.00 EUR Million Dec 2021
Disposable Personal Income 399129.00 377777.00 EUR Million Dec 2021
Personal Spending 13.80 11.10 percent Feb 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
13.80 11.10 13.80 -17.40 2000 - 2022 percent Monthly
WDA

News Stream
Dutch Household Spending Grows at Record Pace
Household consumption in the Netherlands surged 13.8% year-on-year in February of 2022, accelerating from a 11.1 percent rise in the previous month. It was the strongest growth in household spending since the series began in January 2000, mainly boosted by gains in spending on both durable goods (32% vs 27.8% in January) and services (16.8% vs 12.4%), amid low base effects. Within services, consumption increased for telephone and internet subscriptions, insurance, hairdresser, restaurants and football matches. Spending was also higher for clothing, shoes, home furnishings and electrical equipment, due to lifting Covid-19 restrictions, while a year earlier, non-essential shops in particular were still affected by a hard lockdown.
2022-04-21
Dutch Household Spending Rises the Most in 8 Months
Household consumption in the Netherlands jumped 11.1% year-on-year in January of 2022, accelerating sharply from an upwardly revised 4.8 percent rise in December 2021. It was the strongest growth in household spending since last May, mainly boosted by gains in spending on both services (12.4% vs 7.3% in December) and durable goods (27.8% vs 5.9%), amid low base effects. Within services, consumption increased for telephone and internet subscriptions, insurance, hairdresser, restaurants and football matches. The hospitality industry, amusement parks, theatres, cinemas, zoos were closed until January 25, but in January 2021 these companies were closed for the entire month. Spending was also higher for clothing, shoes, home furnishings and electrical equipment.
2022-03-23
Dutch Household Spending Continues to Rise
Household consumption in the Netherlands increased 4.5% year-on-year in December of 2021, prompted by gains in spending on both services (7.1%) and durable goods (5.3%). Within services, consumption increased for telephone and internet subscriptions, insurance, hairdresser, restaurants and football matches. The catering industry, amusement parks, theatres, Cinemas, zoos and swimming pools had to close their doors from December 19, but in December 2020 these companies were closed for the entire month. Spending was also higher for clothing, shoes, home furnishings and electrical equipment.
2022-02-15