POST Online Media Lite Edition



 

Household consumption in Netherlands almost 15 percent up in April

Christian Fernsby |
According to figures released by Statistics Netherlands (CBS), consumers spent 14.8 percent more in April 2022 compared to April one year previously.

Article continues below




They mainly spent more on durable goods and services. The growth is larger than in March 2022. Last year, there were still coronavirus measures in place in April.

Consumption figures have been adjusted for price changes and differences in the shopping-day pattern.

In April 2022, consumers spent over 2 percent more on services such as telephone and internet subscriptions, insurances, visits to hairdressers, restaurants and football matches compared to April 2021 (adjusted for price changes). Spending on services accounts for over half of total domestic consumer expenditure.

Consumers spent over 8 percent more on durable goods in April year on year. Spending on clothing, footwear and electrical appliances was up in particular. Non-essential shops in particular were still affected by coronavirus measures one year previously.

Adjusted for price changes, there was a year-on-year decrease of almost 2 percent in the consumption of other goods such as energy and water. Consumers did spend more on personal care than one year previously.

Finally, consumption of food, beverages and tobacco was down by over 5 percent relative to April 2021.

Three weeks ago, CBS reported that in April 2022 the volume of sales in retail trade grew by 1.8 percent relative to April 2021. The volume of sales in the non-food sector grew by almost 15 percent, but shrank in the food sector by almost 6 percent. These figures have also been adjusted for the shopping-day pattern.


What to read next

Netherlands: Economic growth 3.1 percent in Q2 2021
Netherlands' GDP grew by 0.9 percent in Q4
Netherlands economic growth of 1.9 percent in Q3 2021