Outside the dotted line: more favourable than average.
Conditions for consumption less favourable
In June 2019, conditions for Dutch household consumption are less favourable than in May. New data have become available for all indicators. Three indicators deteriorated, one improved and two 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.
Manufacturers were less positive about future employment. The increase of share prices relative to one year previously turned into a decrease. The growth of the employed labour force was also less substantial than in the previous month. However consumers were less negative about their financial future. Consumers’ expectations on unemployment and the year-on-year increase of house prices remained the same.