Household consumption in the Netherlands increased 7.3 percent year-on-year in May of 2022, slowing sharply from a 12.6 percent rise in the previous month, pointing to the weakest growth since last December, amid a high base effect last year. Spending on services rose softer (19.4 percent vs 27.1 percent in April), mainly telephone and internet subscriptions, insurance, a visit to the hairdresser, a restaurant or a football match. In addition, spending on durable consumer goods fell (-6.9 percent vs 8.2 percent), particularly in spending of passenger cars and home furnishing. Also, consumption of food fell by 5.3 percent from a year earlier. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.85 percent from 2000 until 2022, reaching an all time high of 13.40 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 August of 2022.
Personal Spending in Netherlands is expected to be 1.60 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.