Dutch households have been spending more since last summer. In November 2005 households spent 1.6 percent more on goods and services than twelve months previously. This is the largest increase in domestic consumption for more than three years. Spending on durable goods in particular was higher, according to figures from Statistics Netherlands. The figures have been corrected for price differences and shopping day effects.
Consumers spend more on durables in particular
Consumers spent 5.5 percent more on durable goods in November 2005 than in the same month one year previously. They bought more clothes leatherwear and shoes in particular. Spending on consumer electronics and furniture was also up. Spending on durable consumers goods showed a clear increase in the second half of 2005.
Higher spending on food and services too
Households also spent more on food, drink and tobacco than one year previously. The increase was 1.5 percent. Spending on services was up 0.7 percent.