Household consumption radar

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.

Conditions for household consumption more favourable than in the previous month

In January, conditions for Dutch household consumption were more favourable than in the previous month. New data have become available for six indicators. Two indicators deteriorated, four improved. 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 less pessimistic about their own financial future and about future unemployment. The year-on-year growth of the employed labour force was slightly larger. Furthermore, manufacturers were more optimistic about future employment in their company. However, the decrease of the share prices was more substantial than in the previous month and the year-on-year increase of owner-occupied dwellings was smaller.

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