Dutch Consumer Spending Eases In June

Monday, the Central Bureau of Statistics announced that the Dutch consumer spending increased price adjusted 1.3% year-on-year in June, marking a slower pace than the 2.9% and 2.8% recorded in May and April, respectively.

According to the statistical office, spending on durable goods rose 1.1% in June, smaller compared with May's 6.7%. At the same time, spending on services grew 2.4%, after rising 3.2% in May.

In the second quarter, the Dutch consumer spending rose 2.3% year-on-year, slightly less than the 2.4% in the first quarter. Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved