Household consumption 0.4 percent down in March

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© Hollandse Hoogte / Richard Brocken
According to figures released by Statistics Netherlands (CBS), consumers spent 0.4 percent less in March 2021 than in the same month last year. The decline is much smaller than in February, when household consumption was 11.6 percent down year-on-year. This is partly due to the fact that household consumption was already at a low level in March 2020, when the first lockdown started in the middle of the month. Furthermore, shops and hairdressers were allowed to receive customers by appointment as of 3 March 2021. In March 2021, consumers spent less on services, food, beverages and tobacco, but more on durable goods than in March 2020.

Consumption figures have been adjusted for price changes and differences in the shopping-day pattern.

Domestic household consumption (volume, adjusted for shopping days)
Year MonthChange (year-on-year % change)
2017April2.8
2017May3
2017June2.7
2017July2.5
2017August2.3
2017September3.3
2017October1
2017November2.6
2017December1.7
2018January1.7
2018February3.2
2018March3
2018April3.2
2018May2
2018June2.6
2018July2.8
2018August2.6
2018September2
2018October2.1
2018November2.2
2018December1.7
2019January1.3
2019February0.9
2019March1.4
2019April1.5
2019May2.5
2019June1.4
2019July1.1
2019August1.1
2019September2
2019October2
2019November1.7
2019December3.1
2020January1
2020February1.2
2020March-6.4
2020April-17
2020May-12
2020June-7
2020July-2.4
2020August-2
2020September-3.7
2020October-6
2020November-6.4
2020December-11.6
2021January-13.1
2021February-11.6
2021March-0.4

Consumers spent less on services, but more on durable goods

In March 2021, consumers spent 3.0 percent less on services such as telephone and internet subscriptions, insurance, visits to hairdressers, restaurants, and football games than in March 2020. The decline was much smaller than in February (16.9 percent). In general, spending on services accounts for over half of total domestic consumer expenditure.

Spending on durable goods increased by 6.9 percent in March 2021 year-on-year. Consumers spent more on clothing, footwear and electrical appliances in particular. In February, spending on durable goods still contracted by 16.7 percent. The switch from decline to growth can partly be attributed to substantially lower spending in March 2020. In addition, shops were allowed to receive customers by appointment as of 3 March 2021. In March 2021, spending on durable goods was approximately the same as in March 2019.

Consumer spending on food, beverages and tobacco was 0.6 percent lower than in March 2020, when consumers hoarded a lot of food. Spending on other goods, such as natural gas, electricity and motor fuels, was 0.9 percent up. Energy consumption was higher than in March 2020 as a result of slightly lower temperatures.

Three weeks ago, CBS reported year-on-year turnover growth in retail trade of 5.9 percent in March 2021. Whereas the non-food sector recorded a small turnover increase, the food sector achieved lower turnover. Online turnover was 68.3 percent higher than in March 2020. These figures have also been adjusted for the shopping-day pattern.
 

Domestic household consumption by category (volume, adjusted for shopping days), March 2021
 Change (year-on-year % change)
Durable goods6.9
Other goods (e.g. gas)0.9
Food, drinks and tobacco-0.6
Services-3.0
Total-0.4

The figures presented in this news release are provisional and subject for revision.