The Netherlands' household consumption slumped 17.4 percent from a year earlier in April 2020, the largest decline on record, amid the coronavirus pandemic. Consumers spent 24.6 percent less on services, including restaurants, hairdressers, theaters, amusement parks, gyms and football games as well as public transportation. Spending on durable goods tumbled 14.8 percent, after declining by 6.7 percent in the previous month. Also, consumption of other goods fell sharply (-7.7 percent vs 0.1 percent in March). In addition, consumption of food, beverages and tobacco rose 3.6 percent, slowing from a 9.4 percent gain in March.
Personal Spending in Netherlands averaged 0.65 percent from 2002 until 2020, reaching an all time high of 4.30 percent in April of 2006 and a record low of -17.40 percent in April of 2020. This page provides - Netherlands Consumer Spending MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands Household Consumption YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Netherlands
Personal Spending in Netherlands is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in Netherlands to stand at 4.20 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 5.70 percent in 2021 and 2.10 percent in 2022, according to our econometric models.