Consumer spending up by more than 2 percent in May
The CBS Consumption Radar shows that circumstances for Dutch household consumption are somewhat more favourable in July than in May.
Consumption figures are adjusted for price changes and differences in the shopping-day pattern.
Dutch consumers spend more on clothing and home furnishing articles
In May, Dutch consumers spent almost 6 percent more on durable goods such as clothing and home furnishing articles. Consumer spending on food, beverages and tobacco products was circa 1 percent up from one year previously. Furthermore, consumers spent almost 3 percent more on the category ‘other goods’.
Last week, CBS already reported that - adjusted for the shopping-day pattern - retail turnover was 3.5 percent up in May on a year-on-year basis. The volume of sales grew by 3 percent. This number was also adjusted for the shopping-day pattern.
Household spending on services - accounting for over half of total domestic consumer spending - rose by almost 2 percent compared to May 2016. These services include house rent, public transport, visits to restaurants or hairdressers and insurance premiums.
|Durable consumer goods||5.8|
|Other goods (e.g. gas)||2.7|
|Food; drinks and tobacco||0.9|
Consumer climate somewhat more favourable in July than in May
CBS publishes figures about circumstances for household consumption on a monthly basis. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the labour market.
According to the CBS Consumption Radar, circumstances for Dutch household consumption are somewhat more favourable in July than in May. This is mainly due to the fact that the mood of Dutch consumers about their personal financial situation in the next 12 months improved.
The figures presented in this news release are provisional and can be adjusted.
- StatLine- Spending; consumption household
- Visualisation - Consumption Radar
- Dossier - Business Cycle