FX.co ★ Dutch Consumer Spending Stalls in January, Halting December’s Growth Momentum

Consumer spending in the Netherlands flatlined at 0.0% in January 2026, marking a sharp pause after a 0.8% increase recorded in December 2025. The latest data, updated on 10 March 2026, signal that the year-end consumption momentum failed to carry over into the new year.

The halt in growth suggests Dutch households have become more cautious at the start of 2026, following a relatively robust spending performance in December. While one month of stagnation does not yet define a trend, the shift from positive growth to zero underscores a more fragile consumption environment that will be closely watched by policymakers and markets alike in the months ahead.