In the third quarter, gross domestic product decreased a seasonally adjusted 0.1% over the previous quarter, according to the data released by Statistics Netherlands (CBS, Centraal Bureau voor de Statistiek). The result was rather unexpected, as the previous four quarters registered positive economic growth. The reading came in below the 0.9% increase registered in the second quarter and was below market expectations of a 0.5% expansion. On an annual basis, the economy expanded 1.8% in the third quarter, which was down from the 2.2% growth recorded in the previous quarter. The economic decline was primarily driven by the domestic sector. A slight increase in private consumption (Q3: +0.1% quarter-on-quarter; Q2: -0.1% qoq) was not enough to offset a 2.0% contraction in gross fixed investment (Q2: +3.4% qoq). Exports expanded 1.1% over the previous quarter (Q2: +2.3% qoq), while imports declined 1.0 percentage points (Q2: +3.5% quarter-on-quarter). Central Bank president Nout Wellink expressed concerns that the economy remains fragile. Consensus Forecast panellists anticipate the economy to grow 1.9% in 2010, which is unchanged from last month's forecast. In 2011, panellists anticipate economic growth to slowdown to 1.7%.
Economy contracts in the third quarter
November 12, 2010
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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.