Household consumption radar
Outside the dotted line: more favourable than average.
Conditions for household consumption more favourable
In May, conditions for Dutch household consumption were more favourable than in the previous month. New data have become available for six indicators. Three indicators improved, two deteriorated and 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 opinion of manufacturers about future employment in their company improved. The year-on-year incline of owner-occupied dwellings was larger. Consumers were less pessimistic about future unemployment, but also less positive about their financial situation in the next twelve months. The year-on-year growth of the employed labour force was smaller. The year-on-year increase of the share prices remained the same.
Related items
- PDF PDF - Consumption Radar