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.

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Netherlands Household Consumption YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-12-20 05:30 AM Oct 0.6% 2.2% 1.5%
2023-01-10 05:30 AM Nov 2.7% 0.9% -1.2%
2023-02-14 08:30 AM Dec 2.7% -2.6%


Related Last Previous Unit Reference
Consumer Confidence -49.00 -52.00 points Jan 2023
Retail Sales MoM -3.40 2.10 percent Dec 2022
Retail Sales YoY 11.00 5.90 percent Dec 2022
Consumer Spending 85644.00 85241.00 EUR Million Sep 2022
Disposable Personal Income 399129.00 377777.00 EUR Million Dec 2021
Personal Spending 2.70 0.90 percent Nov 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
2.70 0.90 15.30 -17.00 2000 - 2022 percent Monthly
WDA

News Stream
Dutch Household Consumption Rises the Most in 4 Months
Household consumption in the Netherlands increased by 2.7 percent year-on-year in November 2022, accelerating from an upwardly revised 0.9 percent rise 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%).
2023-01-10
Dutch Household Consumption Growth Weakest in 19 Months
Household consumption in the Netherlands eased to 0.6 percent year-on-year in October 2022, following a 2.2 percent advance in the previous month. It was the softest increase since March 2021, as householders’ spend less on consumer goods (-3.2 percent), namely; food, drinks and tobacco (-2.3 percent); durable goods (-4.8 percent); and other goods (-1.6 percent), particularly natural gas and personal care products. On the other hand, consumers spend more on services (3.6 percent), such as telephone and internet subscriptions, insurance and visits to hairdressers, restaurants and football matches.
2022-12-20
Dutch Household Consumption Growth Accelerates in September
Household consumption in the Netherlands increased 2.2 percent year-on-year in September 2022, accelerating from a downwardly revised 1.8 percent advance in the previous month. Consumers spent 5.2 percent more on services, such as telephone and internet subscriptions, insurances, and visits to hairdressers, restaurants and football matches. On the other hand, spending on durable goods dropped 2.6 percent, due to home furnishings and cars, among other things; while spending on food, beverages and tobacco was also down 2.6 percent. Spending on other goods, such as natural gas and personal care products, increased 0.8 percent.
2022-11-15