Conditions for household consumption more unfavourable

In January, conditions for Dutch household consumption were more unfavourable than in the previous month. New data have become available for six indicators. Five indicators deteriorated, one remained the same. Household consumption is affected by consumers’ expectations, their personal financial situation and developments on the job market. Although the Radar indicators show a strong correlation with household consumption, improved circumstances are not necessarily translated into increased growth.

The year-on-year increase of the share prices and the price increase year-on-year of owner-occupied dwellings were smaller. Manufacturers were more negative about future employment in their company. Consumers were more negative about their financial situation in the next twelve months and the year-on-year growth of the employed labour force was smaller. Consumers’ opinions about future unemployment were equally negative.

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• PDF PDF - Consumption Radar