Holanda Gasto Personal

Household consumption in the Netherlands rose 0.8% year-on-year in December 2025, easing slightly from an upwardly revised 0.9% increase in November and marking the slowest growth in three months. Spending growth softened for household goods (0.4% vs 1.4%), reflecting weaker purchases of food, beverages, and tobacco (2.1% vs 2.6%) as well as durable goods (0.4% vs 1.9%), while consumption of other goods remained in decline (-1.8% vs -1.2%). In contrast, services spending strengthened to 1.2% from 0.6%, driven by higher outlays on transport and communication, healthcare, hospitality, recreation, and culture. Services account for more than half of total household consumption. Meanwhile, the January Consumption Conditions indicator deteriorated from December, as employment growth slowed and consumers became less optimistic about their financial outlook for the year ahead, pointing to softer momentum in household demand.