According to revised data, GDP rose 0.2% in seasonally adjusted terms over the previous quarter, which confirmed the preliminary estimate released on 14 August. The reading followed the 0.2% expansion recorded in the previous quarter. On an annual basis, however, the economy contracted a revised 0.4%, up from the 0.5% drop previously estimated. Economic growth in Q2 came on the back of a stronger external sector, which compensated for a still depressed domestic sector. Gross fixed investment contracted 0.4% over the previous quarter (previously reported: -0.5% quarter-on-quarter), which followed a decline of the same magnitude in the January-March period. Simultaneously, total consumption fell a revised 0.4% over the previous quarter (previously reported: -0.3% qoq), as private consumption fell 0.3% while government consumption contracted 0.2%. Meanwhile, the contribution from the external sector to overall economic growth was revised up to plus 0.5 percentage points from the previous estimate of a 0.4 percentage-point contribution. Exports of goods and services accelerated from a 2.2% expansion in the first quarter to a 2.6% increase in the second (previously estimated: +2.1% qoq), while imports maintained the 2.2% pace of expansion seen in Q1 (previously estimated: +1.8% qoq). The government expects the economy to contract 0.5% this year.
Economic growth confirmed in second quarter
September 24, 2012
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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.