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.

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Netherlands Household Consumption YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-06-22 04:30 AM Apr 14.8% 11.2% 12.1%
2022-07-20 04:30 AM May 7.3% 12.6% 13.2%
2022-08-17 07:30 AM Jun 7.3% 5.1%


Related Last Previous Unit Reference
Consumer Confidence -51.00 -50.00 points Jul 2022
Retail Sales MoM 4.20 -4.20 percent Feb 2022
Retail Sales YoY 0.40 1.60 percent Jun 2022
Consumer Spending 82488.00 82881.00 EUR Million Mar 2022
Disposable Personal Income 399129.00 377777.00 EUR Million Dec 2021
Personal Spending 7.30 12.60 percent May 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
7.30 12.60 13.40 -17.40 2000 - 2022 percent Monthly
WDA

News Stream
Dutch Household Spending Growth Eases to 5-Month Low
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.
2022-07-20
Dutch Household Spending Hits Record High
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.
2022-06-22
Dutch Household Spending Growth Eases in March
Household consumption in the Netherlands advanced 11.2 percent year-on-year in March of 2022, easing from a downwardly revised 13.4 percent rise in the previous month. Spending on durable consumer goods increased 11 percent (vs 30.2 percent in February), boosted by clothing, shoes, home furnishings and electrical equipment, due to lifting Covid-19 restrictions, while a year earlier, non-essential shops were still hindered by a lockdown. Meanwhile, spending on services grew 18.2 percent (vs 16.9 percent), mainly telephone and internet subscriptions, insurance, a visit to the hairdresser, a restaurant or a football match.
2022-05-17