The household spending in the Netherlands dropped 10.7 percent year-on-year in February of 2021, and the smallest decline since last November, amid the lockdown measures to contain the spread of the coronavirus, with the closing of all non-essential stores since December 15. The decreases less were seen in spending on durable goods (-18.2 percent (vs -25.4 percent in January). Consumers spent less for clothing, leather goods, home furnishings, vehicles, and electrical equipment. Meanwhile, spending on services, such as telephone and internet subscription, insurance was 15.1 percent lower ( vs -14.8 percent). In addition, consumption of food, beverages and tobacco rose by 8.3 percent, the largest growth since March 2020, accelerating from a 6.0 percent in January. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.31 percent from 2002 until 2021, reaching an all time high of 4.30 percent in April of 2006 and a record low of -17 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 May of 2021.
Personal Spending in Netherlands is expected to be 6.20 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 4.40 in 12 months time. 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.