Netherlands Economic Outlook
September 27, 2016The Dutch government unveiled its 2017 budget on 20 September, which includes tax cuts on low-income workers and increased spending on security and social services. Among these measures, the authorities announced their intention to spend an extra EUR 1.1 billion to increase citizens’ disposable income ahead of next year’s general elections. They noted that an expanding economy enabled the government to unwind many of the country’s austerity measures without jeopardizing its budget consolidation. A growing economy, a narrowing budget deficit—which the Ministry of Finance expects to shrink to 0.5% in 2017—, robust growth in house prices and strengthening purchasing power all corroborate the government’s economic outlook. Revised data showed that the Dutch economy expanded 0.6% in Q2, which matched the first quarter’s reading. Economic growth in the second quarter was driven by resilient growth in fixed investment, while both private and government consumption decelerated compared to Q1.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.14||-6.58 %||Oct 19|
|Exchange Rate||1.09||-0.38 %||Oct 20|
|Stock Market||456||0.30 %||Oct 20|
Netherlands Economic Growth
September 27, 2016Despite slowing demand, economic activity will be supported this year by an ongoing boost to real disposable income and a recovering real estate market. FocusEconomics Consensus Forecast panelists forecast that the economy will grow 1.6% this year, which is unchanged from last month's projection. Next year, the panel sees GDP growth inching down to 1.5%.
Netherlands Economic News
October 20, 2016
Dutch consumer sentiment rose markedly in October.
October 3, 2016
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit and NEVI, decreased marginally from 53.5 in August to 53.4 in September.
September 29, 2016
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, increased from August’s 1.2 to 3.4 in September, according to the Central Bureau of Statistics (CBS), thus moving further above the 0-point threshold that separates optimistic from pessimistic sentiment. According to the CBS, the improvement reflected that producers had become more positive regarding order books and future output over the next three months but less positive about their stocks of finished products.
September 23, 2016
Dutch economic growth held steady in the second quarter of the year on the back of robust fixed investment, while lackluster performance in the external sector and subdued household and government consumption dragged on the overall result.
September 20, 2016
Dutch consumer sentiment improved notably in September.