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 household consumption hardly changed

In March, conditions for Dutch household consumption were virtually the same as in the previous month. New data have become available for six indicators. Three indicators improved, three deteriorated. 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 increase of the share prices was larger. Consumers were less pessimistic about their own financial future and more positive about future unemployment. However, the year-on-year increase of owner-occupied dwellings turned into a decrease. The year-on-year growth of the employed labour force was smaller and manufacturers were less optimistic about future employment in their company.

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