In the first quarter, GDP increased a seasonally adjusted 0.9% over the previous quarter, according to data released by Statistics Netherlands (CBS, Centraal Bureau voor de Statistiek). The result came in above the 0.7% increase registered in the fourth quarter (previously reported: +0.6% quarter-on-quarter) and exceeded market expectations of a quarterly increase of 0.7%. On an annual basis, the economy grew 3.2% in Q1, up from the 2.5% increase registered in the fourth quarter. Domestic demand drove economic growth in the first quarter, as fixed investment skyrocketed 9.8% over the previous quarter (Q4: +0.5% qoq). On the other hand, private consumption contracted 0.5% over the previous quarter, contrasting a 0.5% increase in the fourth quarter. External demand for Dutch goods was dampened in the first quarter, as exports declined 0.2% over the previous quarter (Q4: +1.9% qoq). On the other hand, imports improved and expanded 1.5% in Q1, up from a 1.0% increase in the fourth quarter. As a result, the net contribution from the external sector to overall economic growth deteriorated from 0.9 percentage points in the fourth quarter to minus 1.4 percentage points in the first. The Central Bank expects GDP to grow 1.6% in 2011 and 1.7% in 2012.
Fixed investment boosts the economy in the first quarter
May 13, 2011
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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.