Household consumption over 2 percent up in September

According to figures released by Statistics Netherlands (CBS), Dutch household consumption was 2.2 percent up in September 2018 over September 2017. The growth rate was slightly less substantial than in the previous month. In September 2018, consumers mainly spent more on food, beverages and tobacco.

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

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)
Year MonthChange
2014October0.3
November0.7
December0.6
2015January2
February2
March2.1
April1.7
May1.3
June2.3
July1.5
August1.4
September2.2
October1.7
November0.8
December0.8
2016January0.7
February0.4
March1.1
April0.4
May1.9
June0.7
July2.4
August1.5
September1.1
October2.6
November2.8
December2.5
2017January3.4
February1.5
March1.7
April2.6
May2.5
June2.3
July2.2
August1.9
September2.6
October1.8
November2.4
December1.3
2018January1.8
February3
March3.1
April3.2
May2
June2.6
July2.9
August2.3
September2.2

Dutch households mainly spend more on food, beverages and tobacco

In September, consumers spent nearly 4 percent more on food, beverages and tobacco. Consumer spending on durable goods was up by over 1 percent. Spending on household appliances was up in particular. Consumer spending on the category ‘other goods’, such as petrol, was almost 1 percent up.

Last week, CBS reported that retail turnover was 1.7 percent up in September year-on-year. The volume of sales increased by 1.9 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 September 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), September 2018 (year-on-year % change)
 change
Food,drinks and tobacco3.8
Services2.3
Durable consumer goods1.2
Other goods (e.g. gas)0.7
Total2.2

Consumer climate in November less favourable than in September

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 The CBS Consumption Radar, circumstances for Dutch household consumption in November are less favourable than in September. The year-on-year increase in share prices turned into a decrease.

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

Sources

Related items