Outside the dotted line: more favourable than average.
Conditions for consumption more favourable
In January 2020, conditions for Dutch household consumption are more favourable than in December. New data have become available for all indicators. Four indicators improved, one deteriorated and one remained the same. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the job market. Although the Radar indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.
The year-on-year increase in stock market prices was higher. Also the year-on-year growth of the employed labour force was higher. Consumers’ expectations on unemployment were less negative and the development of the house prices in the radar also slightly improved. However consumers’ expectations about their financial future deteriorated somewhat. Manufacturers’ opinions on future employment remained the same.