Household consumption in the Netherlands surged 14.8 percent year-on-year in April of 2022, accelerating from a 11.2 percent gain in the previous month, pointing to the strongest growth since the series began in 2000, due to lifting COVID-19 restrictions. Spending on services grew faster (27.1 percent vs 18.2 percent in March), mainly telephone and internet subscriptions, insurance, a visit to the hairdresser, a restaurant or a football match. Meanwhile, spending on durable consumer goods continued to increase (8.2 percent vs 10.9 percent), boosted by clothing, shoes, and electrical equipment, due to lifting Covid-19 restrictions, while a year earlier, non-essential shops were still hindered by a lockdown. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.84 percent from 2000 until 2022, reaching an all time high of 14.80 percent in April 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 June 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.