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Household consumption rose 0.2% in May

Broadcast United News Desk
Household consumption rose 0.2% in May

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These are volume figures, that is, they are adjusted for price changes. In addition, they are adjusted for differences in shopping day patterns. CBS Consumer Radar for June shows that Dutch households were generally in slightly better shape in June than in May.

2020 June -6.9
2020 July -3.6
2020 August -0.5
2020 September -3.9
2020 October -4.5
2020 November -7.1
2020 December -11
2021 January -11.7
2021 February -11
2021 March 0.4
2021 April 12.8
2021 possible 11.9
2021 June 8.1
2021 July 3.4
2021 August 4.1
2021 September 5.5
2021 October 9.4
2021 November 9.7
2021 December 5.3
2022 January 12.5
2022 February 14.7
2022 March 12.3
2022 April 10.9
2022 possible 6.2
2022 June 5.3
2022 July 3.6
2022 August 2
2022 September 2
2022 October 0.9
2022 November 2.4
2022 December 9.5
2023 January 5.2
2023 February 2.4
2023 March 1.5
2023 April -0.4
2023 possible 0.1
2023 June 0.8
2023 July -0.6
2023 August -0.1
2023 September -1.7
2023 October 0.4
2023 November 0.7
2023 December 0.4
2024 January 0.8
2024 February 0.2
2024 March 0.4
2024 April 0.6
2024 possible 0.2

Increased service spending

In May, consumer spending was.7 PercentSpending on services, which include public transport, communications, entertainment and culture, and accommodation and food services, increased year-on-year, adjusted for price changes. Spending on services accounts for more than half of total domestic household consumption expenditures.

family expense 3.4 PercentageConsumers bought more durable goods, such as clothing, appliances, footwear, and household goods. On the other hand, consumers bought fewer passenger cars. Spending on food, beverages, and tobacco (adjusted for price changes) fell by 1..9%They spent 5.4 PercentThere is less reliance on other commodities, such as energy and motor vehicle fuel. May 2024 will be colder than May 2023.

Durable goods 3.4
Serve 0.7
Food, Beverages and Tobacco -1.9
Other commodities (e.g. natural gas) -5.4
All 0.2

Consumer sentiment improved slightly in June

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 In June, Dutch household consumption was in a more favourable position than in May. This was mainly due to the larger year-on-year increases in share prices and owner-occupied housing prices.

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