Outside the dotted line: more favourable than average.
Conditions for households slightly less favourable
Conditions for Dutch household consumption are slightly less favourable in June 2018 than in May.
Two indicators deteriorated, two improved and one did not change. New data have become available for five of the six indicators. 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.
Manufacturers’ expectations on future employment in their sector were less positive. In addition, the rise of share prices on an annual basis was less substantial than in the previous month. On the other hand, the growth of the employed labour force on an annual basis was higher than in the previous month. Consumers’ expectations about future unemployment were also more positive. Consumer’s opinions about their own financial situation were the same as in the previous month.
Explanatory notes: Consumption Radar.