Household consumption in the Netherlands increased by 2.9 percent year-on-year in December 2019, accelerating from an upwardly revised 1.4 percent rise in the previous month. It was the strongest growth in household consumption since July 2018, as spending growth accelerated for: services (1.9 percent vs 1.7 percent in November); durable goods (8.8 percent vs 2.1 percent), and food, beverages, tobacco (1.5 percent vs 1.3 percent). In addition, consumption of other goods rebounded sharply (0.7 percent vs -0.8 percent).
Personal Spending in Netherlands averaged 0.76 percent from 2002 until 2019, reaching an all time high of 4.30 percent in April of 2006 and a record low of -3.10 percent in May of 2009. This page provides - Netherlands Consumer Spending MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Netherlands
Personal Spending in Netherlands is expected to be 1.80 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 2.30 in 12 months time. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 2.10 percent in 2021, according to our econometric models.