Household consumption slightly up in January | Statistics Netherlands (CBS)

These are volume figures, i.e. figures adjusted for price changes. In addition, they have been adjusted for differences in the shopping-day pattern. The CBS Consumption Radar shows that conditions for Dutch household consumption in February were, on balance, less unfavourable than they were in January.

More goods purchases

In January, consumers spent 0.1 percent more on services relative to one year previously (adjusted for price changes). These services include accommodation and food services, public transport, communication, medical services or hairdressers. Spending on services makes up over half of total domestic household consumption expenditure.

Households purchased 0.6 percent more durable goods, such as clothing. They also spent 7.4 percent more on other goods, such as energy, motor fuels or personal care products. However, households spent 6.0 percent less on food, beverages and tobacco.

One week ago, CBS reported that retail sales volume in January was up by 1.1 percent relative to one year previously. Sales volume increased by 3.1 percent in the non-food sector, but decreased 2.5 percent in the food sector. These figures have also been adjusted for the shopping-day pattern.

Consumer climate less unfavourable in February

Every month, CBS publishes figures about conditions for household consumption in the CBS Consumption Radar. Household consumption is influenced by factors such as consumers’ expectations, their personal financial situation and labour market conditions. Although the Radar indicators show a strong correlation with household consumption, improved conditions do not necessarily translate into a higher increase in consumption.

According to the CBS Consumption Radar, conditions for Dutch household consumption in February were less unfavourable than they were in January. This is mainly because manufacturers were more positive about their expected workforce.