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 less unfavourable

In January, conditions for Dutch household consumption were less unfavourable as in the previous month. New data have become available for six indicators. Three indicators improved, three deteriorated. 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 year-on-year increase of the share prices was larger. The year-on-year decline of owner-occupied dwellings turned into an increase. Consumers were less pessimistic about future unemployment. On the other hand, the year-on-year growth of the employed labour force was smaller. Manufacturers were more pessimistic about future employment in their company. Consumers were slightly less positive about their financial situation in the next twelve months.

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