Outside the dotted line: more favourable than average.
Conditions for consumption slightly more favourable
In October 2019, conditions for Dutch household consumption are slightly more favourable than in September. New data have become available for all indicators. Three indicators improved, two 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 decline in stock market prices turned into an upward trend. In addition, consumers’ expectations about their financial future also improved somewhat. Manufacturers were also slightly more positive about future employment. On the other hand, consumers’ expectations on unemployment were more negative. The development of the house prices in the radar also deteriorated. The year-on-year growth of the employed labour force did not change.