Household consumption radar

The Household Consumption Radar is an instrument developed by Statistics Netherlands to analyse developments in consumption by Dutch households and place them in some sort of context. Using six indicators – selected on the basis of an econometric study - the radar monitors whether circumstances have developed favourably or unfavourably for Dutch consumption.

Source: Statistics Netherlands
Inside the dotted line: less favourable than average.

Outside the dotted line: more favourable than average.

Conditions for household consumption less favourable than in the previous month

In June, conditions for Dutch household consumption were more favourable than in the previous month. New data have become available for six indicators. Two indicators improved, three 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 growth of the employed labour force was more substantial than in the previous month. Also, consumers were more optimistic about future unemployment. However, they were more pessimistic about their own financial future. Manufacturers were less optimistic about future employment in their company and the price increase of owner-occupied dwellings was smaller. The year-on-year decrease in share prices remained virtually the same.

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