RTTNews - Final consumption expenditure by households in the Netherlands fell 3.3% year-on-year in March, reflecting a fall in spending on most goods, the Central Bureau of Statistics said Thursday.

During the month, spending on durable goods declined 9%, while spending on food, beverages and tobacco dropped 3%.

The statistical office said in the first quarter households spent less and saved more. Savings totaled EUR8 billion in the first quarter, which is EUR7 billion more than in the same period in the previous year.

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