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.
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Conditions for consumption slightly more favourable

In May 2019, conditions for Dutch household consumption are slightly more favourable than in April. New data have become available for all indicators. Two indicators improved, two deteriorated 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.

 

Consumers’ expectations on unemployment were more positive. Consumers were also slightly less negative about their financial future. On the other hand, the growth of the employed labour force was less substantial than in the previous month and manufacturers were less positive about future employment. The increase of share prices relative to one year previously and the year-on-year increase of house prices remained the same.

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