Household consumption nearly 3 percent up in July

According to figures released by Statistics Netherlands (CBS), Dutch household consumption was 2.6 percent up in July 2018 over July 2017. The growth rate was the same as in the previous month. In July 2018, consumers mainly spent more on food, beverages and tobacco.

The CBS Consumption Radar shows that circumstances for Dutch household consumption in September are, on balance, slightly less favourable than in July.

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

Domestic household consumption (volume, adjusted for shopping days) (year-on-year % change)
 Change
2014 August1.5
2014 September-0.5
2014 October0.3
2014 November0.7
2014 December0.6
2015 January2
2015 February2
2015 March2.1
2015 April1.7
2015 May1.3
2015 June2.3
2015 July1.5
2015 August1.4
2015 September2.2
2015 October1.7
2015 November0.8
2015 December0.8
2016 January0.7
2016 February0.4
2016 March1.1
2016 April0.4
2016 May1.9
2016 June0.7
2016 July2.4
2016 August1.5
2016 September1.1
2016 October2.6
2016 November2.8
2016 December2.5
2017 January3.4
2017 February1.5
2017 March1.7
2017 April2.6
2017 May2.5
2017 June2.3
2017 July2.2
2017 August1.9
2017 September2.6
2017 October1.8
2017 November2.4
2017 December1.3
2018 January1.7
2018 February2.9
2018 March3
2018 April3.1
2018 May1.9
2018 June2.6
2018 July2.6

Dutch households mainly spend more on food, beverages and tobacco

In July 2018, consumer spending on food, beverages and tobacco was up by nearly 5 percent. In addition, consumers spent nearly 2 percent more on durable goods. Spending on cars was up in particular. However, consumers purchased fewer home furnishing articles and household articles. Spending on the category ‘other goods’, such as petrol, energy and water, was over 3 percent up.

Last week, CBS already reported that retail turnover was nearly 4 percent up in July year-on-year. The volume of sales increased by over 3 percent. This figure was also adjusted for the shopping-day pattern.

Lastly, consumer spending on services - accounting for over half of total domestic consumer expenditure - rose by over 2 percent in July 2018. These services include house rent, public transport, visits to restaurants or hairdressers and insurance premiums.

Domestic household consumption by category (volume, adjusted for shopping days), June 2018 (year-on-year % change)
 change
Food,drinks and tobacco4.9
Other goods (e.g. gas)2.9
Services2.2
Durable consumer goods1.6
Total2.6

Consumer climate in September less favourable than in July

CBS publishes figures about circumstances for household consumption on a monthly basis in the CBS Consumption Radar. 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 September are somewhat less favourable than in July. This is mainly because consumers were less positive about their financial situation in the next twelve months and manufacturers were less optimistic about future employment in their sector.

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

Sources

Related items