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 slightly more favourable

In January, conditions for Dutch household consumption were slightly more favourable compared to the previous month. New data have become available for six indicators. Three indiactores 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 rise in house prices was higher. Manufacturers were more optimistic about future employment in their company. The rise in share prices year-on-year was slightly higher than in the previous month. Consumers were less optimistic about their own financial future. Their opinions on the future unemployment remained the same. The year-on-year growth of the employed labour force was slightly smaller than in the previous month.

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