Outside the dotted line: more favourable than average.
Conditions for household consumption unchanged
Conditions for Dutch household consumption are the same in November 2017 as in October. New data have become available for all indicators. Three indicators improved, two deteriorated and one remained unchanged. 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 rise of share prices and the increase of house prices on an annual basis were more substantial than in the previous month. The mood of Dutch consumers about their personal financial situation in the next 12 months improved a fraction. But the mood about future unemployment deteriorated somewhat.The growth of the employed labour force on an annual basis was smaller than in the previous month. Manufacturers’ expectations on future employment in their sector hardly changed.
Explanatory notes: Consumption Radar.