Household spending 3.5 percent down in September
Consumption figures have been adjusted for price changes and differences in the shopping-day pattern.
|Year||Month||Change (year-on-year % change)|
Lower spending on services
In September, consumers spent 6.9 percent less on services than in the same month last year. This mainly applied to e.g. restaurants, theatres, amusement parks, gyms and football games as well as public transportation.
Consumer spending on durable goods increased by 1.7 percent. Households mainly spent more on electrical appliances and home furnishings compared to September 2019. Consumer spending on food, beverages and tobacco was 2.8 percent up year-on-year. Spending on other goods, such as natural gas and motor fuels, was 1.5 percent down.
Two weeks ago, CBS reported a year-on-year turnover growth in retail trade of 7.6 percent in September 2020. The volume of sales increased by 5.5 percent. Turnover was up in both the food sector and the non-food sector. These figures were adjusted for the shopping-day pattern as well.
|Change (year-on-year % change)|
|Food, drinks and tobacco||2.8|
|Other goods (e.g. gas)||-1.5|
- StatLine - Consumption expenditure of households
- Visualization - Consumption Radar
- Dossier - Business Cycle