Household consumption growth in the Netherlands eased to 4.8 percent year-on-year in July 2021 from an upwardly revised 6.7 percent in the previous month. This was the fourth straight month of increase in household spending, but the weakest growth in sequence. The high growth figures in April - June of 2021 are partly due to the fact that consumption in April - June of 2020 was at a very low level due to the first lockdown. Spending on services increased 8.3 percent, such as telephone and internet subscriptions, insurance, hairdressers, restaurant and sport events. Meanwhile, durable goods consumption was up 1.6 percent, in particular on clothing and shoes. Also, consumers spent 1.1 percent more on food and beverages and 1.9 percent more on other goods, such as gas, electricity and motor fuels. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.56 percent from 2000 until 2021, reaching an all time high of 12.10 percent in April of 2021 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 October of 2021.
Personal Spending in Netherlands is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands Household Consumption YoY is projected to trend around 4.80 percent in 2022 and 2.10 percent in 2023, according to our econometric models.