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.

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Netherlands Household Consumption YoY

Actual Previous Highest Lowest Dates Unit Frequency
-17.40 -6.40 4.30 -17.40 2002 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-20 05:30 AM Jan 1% 2.9% 3.6%
2020-04-22 04:30 AM Feb 1.1% 0.9% 3.4%
2020-05-15 04:30 AM Mar -6.7% 0.9% -1%
2020-06-22 04:30 AM Apr -17.4% -6.4% -10.2%
2020-07-22 04:30 AM May -17.4%
2020-08-20 04:30 AM Jun -4.8%
2020-09-22 04:30 AM Jul
2020-10-22 04:30 AM Aug


News Stream
Dutch Personal Spending Falls at Record Pace
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.
2020-06-22
Dutch Household Consumption Falls the Most on Record
The Netherlands' household consumption plunged 6.7 percent from a year earlier in March 2020, the largest decline on record, amid the coronavirus pandemic. Consumers spent 11.8 percent less on services, including restaurants, hairdressers, theaters, amusement parks, gyms and soccer matches as well as public transportation and house rent. Spending on durable goods tumbled 7.2 percent due to lower purchases of clothes, shoes and passenger cars. On the other hand, consumption of food, beverages and tobacco jumped 9.1 percent, the largest increase ever recorded.
2020-05-15
Dutch Household Spending Growth Accelerates to 1.1%
Household consumption in the Netherlands increased by 1.1 percent year-on-year in February 2020, accelerating from a downwardly revised 0.9 percent rise in the previous month. Spending rose on services (1.8 percent, the same pace as in January), durable goods (2.2 percent vs 2.9 percent) and food, beverages, tobacco (0.4 percent vs 1.4 percent). Meanwhile, consumption of other goods continued to decline (-2.8 percent vs -6.2 percent).
2020-04-22
Dutch Household Consumption Rises the Least in 5 Months
Household consumption in the Netherlands advanced by 1.0 percent year-on-year in January 2020, slowing from a 2.9 percent rise in the previous month. It was the smallest increase in household consumption since August last year, as spending growth eased for: services (1.8 percent vs 1.9 percent in December); durable goods (3.1 percent vs 8.6 percent), and food, beverages, tobacco (1.0 percent vs 1.9 percent). In addition, consumption of other goods fell sharply (-5.1 percent vs 1.1 percent).
2020-03-20

Netherlands Household Consumption YoY
In the Netherlands, Household Consumption YoY measures the year-on-year change of consumption expenditure by households. Consumption expenditure includes all voluntary expenditure on goods and services by private individuals and households. It does not include compulsory expenditure such as taxes. Services is the most important sector and accounts for 58 percent of total consumption. The biggest segments within Services are housing; financial and business services; transport, communication services; and medical services and welfare. Consumption of goods account for the remaining 42 percent, in particular durable consumer goods (15 percent) and food, beverages and tobacco (15 percent).