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 improved

In March, conditions for Dutch household consumption improved compared to the previous month. New data have become available for all six indicators. Five indicators improved, 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 year-on-year rise in both house and share prices was more substantial than in the previous month, and the decline of the employed labour force was less substantial. Furthermore, consumers were less pessimistic about future unemployment and manufacturers slightly more optimistic about future employment within their company. Consumers’ expectations about their own financial future remained unchanged.

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