Household spending almost 2 percent up in October

© Hollandse Hoogte / Flip Franssen
According to figures released by Statistics Netherlands (CBS), Dutch consumers spent 1.7 percent more in October 2019 than in October 2018. The growth rate was smaller than in the previous month.

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

Consumption figures have been 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
2015November1.2
December1.5
2016January0.3
February0
March1.1
April0.8
May1.4
June0.8
July2.1
August1.2
September0.9
October1.7
November2.4
December1.6
2017January3.3
February2.7
March2.2
April2.8
May3
June2.7
July2.5
August2.3
September3.3
October1
November2.5
December1.7
2018January1.8
February3.2
March3.1
April3.3
May2.2
June2.7
July3
August2.8
September2.2
October2.3
November2.5
December2
2019January1.2
February0.7
March1.2
April1.6
May2.5
June1.4
July1
August1
September1.9
October1.7

Spending on appliances and home furnishing up in particular

In October, consumers spent 3.6 percent more on durable goods than in the same month last year, mainly on home furnishings and household appliances. They also spent more on cars. Consumer spending on food, beverages and tobacco rose by 0.5 percent. On other goods, such as energy and motor fuels, they spent 0.3 percent more than in October 2018.

Last week, CBS reported that retail turnover was 3.9 percent up in October year-on-year. The volume of sales increased by 2.5 percent. These figures were also adjusted for the shopping-day pattern.

Consumer spending on services - which accounts for over half of total domestic consumer expenditure - rose by 1.6 percent in October year-on-year. These services include insurance premiums, house rent, public transportation and visits to restaurants or hairdressers.

Domestic household consumption by category (volume, adjusted for shopping days), October 2019 (year-on-year % change)
 change
Durable goods3.6
Services1.6
Food, drinks and tobacco0.5
Other goods (e.g. gas)0.3
Total1.7

Consumer climate in December less favourable than in October

Every month, CBS publishes figures about circumstances for household consumption in the CBS Consumption Radar. Household consumption is influenced by factors such as 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 December are less favourable than in October. Consumers’ expectations on future unemployment were more negative and manufacturers were also less positive about future employment.

The figures presented in this news release are provisional and subject for revision.

With effect from the reporting month July 2019, figures are published using 2015 as the base year.

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