RTTNews - Thursday, a report by the Netherlands' Central Bureau of Statistics said the final consumption expenditure of households dropped 3.6% year-on-year in April. Economists expected spending to drop only 3%, after it fell 3.3% in March.
The statistical office said consumer spending on food and tobacco declined annually for the eleventh consecutive month in April, by 2%. Moreover, spending on goods fell 6%, while that on services slipped 1%. Consumer spending on durable goods was down 7%.
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