Consumption Conditions
Consumption conditions: less unfavourable
In August, conditions for Dutch household consumption were less unfavourable than in the previous month. New data have become available for six indicators. Two indicators improved, four deteriorated. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the job market. Although the indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.Manufacturers were more positive about future employment in their company. Consumers were less negative about future unemployment. However, the year-on-year growth of the employed labour force turned into a contraction. Consumers were more negative about their financial situation in the next twelve months. The year-on-year increase of the share prices and the price increase year-on-year of owner-occupied dwellings were smaller.
Related items
- PDF Explanatory notes: Consumption indicator - PDF