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