Household consumption in the Netherlands increased by 2.7 percent year-on-year in November 2022, accelerating from an upwardly revised 0.9 percent growth in the prior month and pointing to the fastest growth since July. Spending on services picked up (7.1% vs 4.2% in October), boosted by telephone and internet subscriptions, insurance, a visit to the hairdresser, a restaurant, or a football match. At the same time, consumption of goods fell at a softer rate (-2.9% vs -3.4%), mainly led by durable goods (-2.7%), other goods (-1.6%), and food, drinks, and tobacco (-4.1%). source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.93 percent from 2000 until 2022, reaching an all time high of 15.30 percent in February of 2022 and a record low of -17.00 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 February of 2023.
Personal Spending in Netherlands is expected to be 0.90 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 -1.20 percent in 2024 and 2.10 percent in 2025, according to our econometric models.