In the second quarter, GDP rose 0.2% in seasonally adjusted terms over the previous quarter. The reading was unchanged from the 0.2% expansion recorded in the previous quarter and contrasted market expectations, which had anticipated the economy contracting 0.3%. On an annual basis, the economy contracted 0.5%, up from the 0.8% drop registered in the first quarter. Economic growth came on the back of a stronger external sector, which compensated for a still depressed domestic sector. Gross fixed investment contracted 0.5% over the previous quarter, which was unchanged from the decline seen in the January-March period. Simultaneously, total consumption fell 0.3% over the previous quarter, which contrasted the 0.2% expansion seen in Q1, as private consumption fell 0.3% and government consumption was flat. On the other hand, the contribution from the external sector to overall economic growth improved from plus 0.1 percentage points in Q1 to 0.4 percentage points, as exports outpaced imports. Exports of goods and services inched up from a 2.0% expansion in the first quarter to a 2.1% increase in the second, while imports decelerated from a 2.1% rise in the first quarter to a 1.8% expansion.
Economy expands unexpectedly in Q2
August 14, 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.