Outside the dotted line: more favourable than average.
Conditions for consumption less unfavourable
In September, conditions for Dutch household consumption are less unfavourable than in the previous month. New data have become available for all 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 Radar indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.
Manufacturers’ opinions on future employment were less unfavourable than in the previous month. Consumers’ expectations on their own financial future and on the future unemployment were also less negative. The year-on-year decrease in stock market prices was smaller than in the previous month and the year-on-year increase of the house prices was more substantial. On the other hand, the year-on-year decline of the employed labour force was larger.