Netherlands Economic Outlook
February 4, 2020Growth in the Dutch economy was stable in the third quarter compared to the second, and the economy continued to outstrip the Euro area average. The expansion was primarily driven by government expenditure and a positive contribution from the external sector; growth in private consumption, on the other hand, cooled notably in the quarter. Meanwhile, turning to the final quarter of last year, the economy likely slowed somewhat. Industrial output fell notably in October–November over the third quarter while the manufacturing PMI signaled an overall deterioration in the sector through December, sinking to the lowest level in over six years. More positively, household consumption and retail sales strengthened in October–November relative to the Q3 average, amid a tight labor market translating into strong wage growth.
Netherlands Economic GrowthThe economy is expected to expand at a softer clip this year as domestic demand eases on waning investment outlays, likely linked to the uncertain global backdrop amid Brexit uncertainty and the U.S.-China trade spat. However, the government’s fiscal expansion and weaker inflationary pressures should boost household consumption. FocusEconomics Consensus Forecasts panelists project the economy to grow 1.4% in 2020, which is unchanged from last month’s forecast, and 1.5% in 2021.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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Netherlands Economic News
February 20, 2020
Consumer confidence inched up to minus 2 in February from minus 3 in January, highlighting continued pessimism among Dutch consumers as the index remained below the neutral zero-mark.
February 13, 2020
The Dutch economy ended last year on a solid footing and continued growing markedly above the Euro area average: The economy expanded 0.4% quarter-on-quarter in Q4 2019, matching the print of the previous three quarters, buttressed by robust private consumption, fixed investment and external trade.
February 3, 2020
Operating conditions in the Dutch manufacturing sector deteriorated slightly at the start of the year, with the NEVI Manufacturing Purchasing Managers’ Index (PMI) rising to 49.9 in January from 48.3 in December, which had marked an over six-year low.
January 30, 2020
Business confidence among Dutch manufacturers fell from 2.9 in December to 2.5 in January, marking the lowest level since August 2016.
January 22, 2020
Consumer confidence dropped from minus 2 in December to minus 3 in January, as the index remained below the neutral zero-mark that separates pessimism from optimism among consumers.