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Households Spend 0.8 Percent More in November 2024

Households Spend 0.8 Percent More in November 2024

In November 2024, households consumed 0.8 percent more than in November 2023, according to CBS.

The consumption figures include volume data, meaning they are corrected for price changes. Furthermore, adjustments have been made for variations in the number of shopping days. According to CBSs Consumer Radar for December, the consumption conditions in December were less favorable than in November.

In November, consumers bought 2.3 percent more durable goods than a year earlier, primarily more electronic devices and cars. They used 1.5 percent more of other goods compared to November 2023, such as energy products and personal care items. For food and luxury goods, adjusted for price changes, they spent 0.9 percent less.

Consumers availed themselves of 0.6 percent more services in November, particularly spending more on transportation, communication, recreation, and cultural services. Spending on services accounts for more than half of total domestic consumption by households.

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Source published: 8 January 2025
Source last updated: 8 January 2025
Published on Openrijk: 8 January 2025
Source: Centraal Bureau voor de Statistiek