Outside the dotted line: more favourable than average.
Conditions for consumption less favourable
In October 2018, conditions for Dutch household consumption are somewhat less favourable than in September. Three indicators deteriorated and three improved. New data have become available for all indicators. 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 growth of share prices was less substantial than in the previous month. Furthermore, consumers were less optimistic about both their financial situation in the next twelve months and future unemployment. On the other hand, manufacturers’ expectations on future employment were more positive than in the previous month. The growth of the employed labour force and the rise of house prices on an annual basis were also more substantial than in the previous month.
Explanatory notes: Consumption Radar.