Household consumption radar

19/05/2017 06:30
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 slightly less favourable

Conditions for Dutch household consumption are slightly less favourable in June 2017 than in May. New data have become available for all indicators; 2 indicators deteriorated, 3 indicators improved and 1 remained the same. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the job market.

The mood of Dutch manufacturers about future employment in their sector was less positive than in the previous month. The price increase of house prices (excluding new constructions) was also somewhat lower than in the previous month. On the other hand, the mood of Dutch consumers about future unemployment and their personal financial situation in the next 12 months improved. The growth of the employed labour force on an annual basis was also somewhat higher than in the previous month. The rise of share prices on an annual basis was about the same as in the previous month.

 

Explanatory notes: Consumption Radar.