Household consumption up by almost 1 percent in August

These are volume figures, which means they are adjusted for price changes. In addition, they have been adjusted for differences in the shopping-day pattern. The CBS Consumption Radar for September shows that conditions for household consumption in the Netherlands in September were, on balance, more favourable than they were in August.

Higher spending on goods and services

Households spent 2.7 percent more on durable goods (adjusted for price changes) than they did in July 2023. They bought mainly more clothing, footwear, home furnishing and electrical appliances. Consumers also spent 2 percent more on other goods, such as energy and personal care products. However, spending on food, beverages and tobacco was down by 1.6 percent.

Consumers spent 0.5 percent more on services compared to the previous year, adjusted for price changes. They spent more on transportation and communication, in particular. On the other hand, consumers spent less on accommodation and food services, recreation and culture than in August 2023. Spending on services makes up over half of all domestic household consumption.

Consumer climate more favourable in September

Every month, CBS publishes figures about the conditions for household consumption in its Consumption Radar. Household consumption is influenced by factors such as consumer expectations, their personal financial situation and labour market conditions. Although the Radar indicators are closely correlated with household consumption, improved conditions do not necessarily translate into an increase in consumption.

According to the CBS Consumption Radar for September, conditions for Dutch household consumption in September were more favourable than they were in August. This was mainly because the year-on-year rise in share prices was larger. Also manufacturers were more positive about future employment and consumers were more positive about their personal financial situation in the next 12 months.