The household spending in the Netherlands increased 8.8 percent year-on-year in May of 2021, the second straight month of increase, amid easing lockdown measures and a low base effect. The terraces are allowed to remain open until eight o'clock in the evening instead of six o'clock in the evening. Gas, electricity and motor fuels consumption also was much higher than a year earlier. In June, consumers spent more on food (0.5 percent) and durable goods (19.5 percent) than the year before. Also, consumers spent more on services (6.8 percent), such as telephone and internet subscriptions, and insurance, a visit to the hairdresser, a restaurant, or a football match than in May 2020, partly due to the relaxation of lockdown measures from 19 May 2021. source: Statistics Netherlands
Personal Spending in Netherlands averaged 0.54 percent from 2000 until 2021, reaching an all time high of 9.70 percent in April of 2021 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 July of 2021.
Personal Spending in Netherlands is expected to be 2.90 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.