Consumption Conditions
Consumption conditions: less unfavourable
In June, conditions for Dutch household consumption were less unfavourable than in the previous month. New data have become available for six indicators. Two indicators improved, two deteriorated and two remained the same. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the job market. Although the indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.
Consumers were less negative about their financial situation in the next twelve months and about future unemployment. However, the year-on-year growth of the employed labour force turned into a contraction and the year-on-year increase of the share prices was smaller. Manufacturers were equally positive about future employment in their company and the price increase year-on-year of owner-occupied dwellings was virtually the same.
Related items
- PDF Explanatory notes: Consumption indicator - PDF