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Household consumption fell 0.7% in June

Broadcast United News Desk
Household consumption fell 0.7% in June

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These are volume data, that is, they are adjusted for price changes. In addition, they are adjusted for differences in shopping day patterns. CBS Consumer Radar for July shows that Dutch household consumption overall was slightly worse in July than in June.

2020 July -3.2
2020 August -0.1
2020 September -3.3
2020 October -4.2
2020 November -7.1
2020 December -10.8
2021 January -11.9
2021 February -11.1
2021 March 0.4
2021 April 12.8
2021 possible 11.8
2021 June 8
2021 July 3.1
2021 August 4
2021 September 5.3
2021 October 10.1
2021 November 10.7
2021 December 5.9
2022 January 12.8
2022 February 14.4
2022 March 10
2022 April 9.6
2022 possible 5
2022 June 5.1
2022 July 3
2022 August 1.3
2022 September 1.4
2022 October 0.6
2022 November 1.9
2022 December 9.3
2023 January 5.4
2023 February 2.8
2023 March 2.5
2023 April 0.6
2023 possible 0.1
2023 June 0.8
2023 July -0.9
2023 August 0.3
2023 September -0.7
2023 October 2.1
2023 November -0.1
2023 December -0.4
2024 January 1
2024 February 0.4
2024 March 0.5
2024 April 0.3
2024 possible 0.1
2024 June -0.7

Reduced spending on goods

Household Expenditure 2.8 perSpending on food, beverages and tobacco fell by 100% (adjusted for price changes). They also 1.7 percentage pointsDurable goods prices lower than JulyYes 2023. For example, they spend less on vehicles.

Consumer spending Every 0.2Spend more money on servicesYoYadjusted for price changes. Services include insurance, public transportation and medical services. Spending on accommodation and food services fell year-on-yearListenr. Services expenditures account for more than half of total domestic household consumption.

Serve 0.2
Other commodities (e.g. natural gas) -0.9
Durable goods -1.7
Food, Beverages and Tobacco -2.8
All -0.7

Consumption sentiment slightly worse in July

CBS publishes data on household consumption conditions in its Consumer Radar every month. Household consumption is influenced by factors such as consumer expectations, personal financial conditions, and labor market conditions. Although the Radar indicator is closely related to household consumption, an improvement in conditions does not necessarily mean an increase in consumption.

According to CBS Consumer Radar for July, Dutch households were spending less well in July than in June. This was mainly due to manufacturers being less optimistic about future employment, smaller year-on-year share price gains and consumers being less optimistic about their financial situation over the next year.2 monthsHS.

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