Outside the dotted line: more favourable than average.
Conditions for consumption less favourable
In September 2019, conditions for Dutch household consumption are less favourable than in August. New data have become available for all indicators. Three indicators deteriorated, two improved 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 growth of the employed labour force was less substantial than in the previous month. The decrease of share prices relative to one year previously deteriorated. Also manufacturers were less positive about future employment. However consumers’ expectations on unemployment were slightly more positive and the year-on-year increase of house prices was also slightly larger. Consumers’ expectations about their financial future remained the same.