Consumption Conditions
Consumption conditions: less unfavourable
In July, conditions for Dutch household consumption were less unfavourable than in the previous month. New data have become available for six indicators. Five indicators improved, one deteriorated. 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.
The year-on-year increase of the share prices was larger. Consumers were less negative about their financial situation in the next twelve months and about future unemployment. The year-on-year contraction of the employed labour force turned into growth. Manufacturers were more positive about future employment in their company. However, the price increase year-on-year of owner-occupied dwellings was smaller.
Related items
- PDF Explanatory notes: Consumption indicator - PDF