Household consumption 3 percent up in April

According to figures released by Statistics Netherlands (CBS), Dutch household consumption was 3.2 percent up in March 2018 over March 2017. The growth rate was higher than in the preceding month, mainly as a result of higher natural gas consumption.

The CBS Consumption Radar shows that circumstances for Dutch household consumption in June are, on balance, somewhat less favourable than in April.

Consumption figures are adjusted for price changes and differences in the shopping-day pattern.

 change
2014 M0.1
2014 J0
2014 J0.3
2014 A1.5
2014 S-0.5
2014 O0.3
2014 N0.7
2014 D0.6
2015 J2
2015 F2
2015 M2.1
2015 A1.7
2015 M1.3
2015 J2.3
2015 J1.5
2015 A1.4
2015 S2.2
2015 O1.7
2015 N0.8
2015 D0.8
2016 J0.7
2016 F0.4
2016 M1.1
2016 A0.4
2016 M1.9
2016 J0.7
2016 J2.4
2016 A1.5
2016 S1.1
2016 O2.6
2016 N2.8
2016 D2.5
2017 J3.4
2017 F1.5
2017 M1.7
2017 A2.6
2017 M2.5
2017 J2.3
2017 J2.2
2017 A1.9
2017 S2.6
2017 O1.8
2017 N2.4
2017 D1.3
2018 J1.7
2018 F2.9
2018 M3
2018 A3

Dutch households spend more on clothing, shoes and cars

In April 2018, spending on durable goods, such as clothing, shoes and cars, was almost 8 percent up year-on-year. Spending on food, beverages and tobacco was over 1 percent up compared to April 2017. On the other hand, spending on the category ‘other goods’, such as natural gas, was almost 1 percent down.

Last week, CBS already reported that retail turnover was almost 6 percent up in April year-on-year, while the volume of sales increased by over 5 percent. This number was also adjusted for the shopping-day pattern.

Lastly, consumer spending on services - accounting for over half of total domestic consumer expenditure - rose by almost 3 percent relative to April 2017. These services include house rent, public transport, visits to restaurants or hairdressers and insurance premiums.

 change
Durable consumer goods7.8
Services2.9
Food,drinks and tobacco1.4
Other goods (e.g. gas)-0.8
Total3

Consumer climate in June slightly less favourable than in April

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. Although the Radar indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.

According to the CBS Consumption Radar, circumstances for Dutch household consumption in June are slightly less favourable than in April. In particular, manufacturers’ opinions on future employment in their sector and consumers expectations about future unemployment were less positive. On the other hand, growth of the employed labour force was higher.

The figures presented in this news release are provisional and can be adjusted.

Sources

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