Netherlands Economic Outlook
May 28, 2019The economy kept pace in the first quarter of 2019, powered by resilient fixed investment and a noticeable contribution from a build-up in inventories. However, in less positive news, private consumption growth slowed markedly. Falling expenditure on energy, owing to the relatively mild European winter, took its toll. A notable pick-up in inflation also dragged on spending power, as did weaker consumer economic sentiment, which turned pessimistic for the first time in over half a decade. Meanwhile, although business confidence increased in April, the manufacturing PMI index eased in the same month and households remained pessimistic through May, suggesting a downbeat Q2 is on the cards. Inflationary pressures also intensified further at the start of the second quarter, outpacing negotiated increases to wages.
Netherlands Economic GrowthEconomic growth should slow somewhat this year amid a more hostile external environment, characterized by lingering global trade tensions and Brexit uncertainty. Nevertheless the economy is expected to continue expanding robustly, thanks to fiscal expansion and a tightening labor market supporting household incomes and expenditure. FocusEconomics Consensus Forecasts panelists expect the economy to grow 1.7% in 2019, which is unchanged from last month’s forecast, and 1.6% in 2020.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||-0.12||5.70 %||Jun 19|
|Exchange Rate||1.13||0.65 %||Jun 20|
|Stock Market||564||-0.57 %||Jun 20|
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Netherlands Economic News
June 20, 2019
Consumer sentiment in the Netherlands rose from minus 3 in May to a neutral 0 in June, coming above the long-term average over the last 20 years of minus 4 and marking the first time since January that pessimism did not reign supreme.
June 3, 2019
The NEVI and IHS Markit’s manufacturing Purchasing Managers’ Index (PMI) ticked up from 52.0 in April to 52.2 in May.
May 29, 2019
Business sentiment eased to 4.7 in May from 6.7 in April, marking the lowest reading since December 2016.
May 21, 2019
Consumer sentiment in the Netherlands was stable at minus 3 in May from the prior month, matching the long-term average of minus 3 over the last 20 years. Underlying data revealed the stable reading reflected a slight improvement in consumers’ views on the economic climate while their willingness to part ways with their cash was stable.
May 14, 2019
Economic growth was steady in the opening quarter, growing 0.5% quarter-on-quarter to match the expansion recorded in the final quarter of last year.