In the fourth quarter, GDP contracted 0.7% in seasonally adjusted terms over the previous quarter. As this follows the revised 0.4% decline seen in the third quarter (previously reported: -0.3% quarter-on-quarter), the economy is now officially in recession. The reading was worse than market expectations that had the economy contracting a softer 0.3%, and marked the deepest contraction since the second quarter of 2009. On an annual basis, the economy also contracted 0.7%, down from the 1.1% expansion registered in the third quarter. For the full year 2011, the economy grew an estimated 1.2%, slower than the 1.7% expansion recorded in 2010. Gross fixed investment contracted 1.0% over the previous quarter, which came on top of a 1.1% decline in the July-September period. Simultaneously, total consumption contracted 0.3%, unchanged from the previous quarter, as both private consumption and government consumption contracted 0.6% and 0.1% respectively. The contribution of the external sector to growth deteriorated somewhat, as imports outpaced exports. Exports of goods and services stepped up from a 0.9% contraction in the third quarter to a softer 0.1% decline in the fourth, while imports swung from a 1.6% decline in the third quarter to a 0.2% expansion. The government expects the economy to contract 0.5% this year.
Economy falls back into recession
February 15, 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.