In the fourth quarter, GDP increased a seasonally adjusted 0.6% over the previous quarter, according to data released by Statistics Netherlands (CBS, Centraal Bureau voor de Statistiek). The result came in above the 0.1% increase registered in the third quarter (previously reported, Q3: -0.1% quarter-on-quarter) and exceeded market expectations of a 0.4% expansion. On an annual basis, the economy grew 2.4% in Q4, up from the 1.8% increase recorded in the third quarter. As a result, the Dutch economy expanded 1.7% in the full year 2010 (2009: -3.9%), suggesting that the economic recovery is now fully entrenched. External demand drove economic growth in the fourth quarter, as exports accelerated to 2.1% over the previous quarter (Q3: +1.9% qoq). Imports bounced back from a 0.5% contraction in Q3 to a 1.2% increase in Q4. As a result, the net contribution from the external sector to overall economic growth deteriorated from 2.1 percentage points in the third quarter to 0.9 percentage points in the fourth. A higher growth dynamic was boosted by improvements within the domestic sector. Private consumption grew at a faster pace and increased 0.6% over the previous quarter (Q3: +0.1% qoq) and gross fixed investment rebounded from a 1.7% drop in the third quarter, to a 0.2% increase in the fourth quarter.
Economy improves in the final quarter of 2010
February 15, 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.