Netherlands Economic Outlook
July 23, 2019
Economic growth in the second quarter is likely to have remained largely on par with that of the first quarter. Merchandise export growth shifted into a higher gear in April–May compared to the first quarter, defying slowing global trade and momentum. Moreover, judging by available data and the tightening labor market, private consumption was likely robust in the second quarter. In April, household expenditure grew at the quickest pace so far this year on strong durable goods purchases and robust spending on services. Furthermore, retail sales growth gathered speed in April–May; however, expenditure likely eased in June despite consumer sentiment returning to neutral territory. In further bad news, industrial production languished in April and May, manufacturing PMI data shows growth weakened in the quarter as a whole, and business confidence dropped to a near three-year low in June.Netherlands Economic Growth
The economy is expected to cool somewhat this year amid easing private consumption, in part related to inflation outpacing wage growth, while ongoing trade tensions and Brexit uncertainty will weigh on exports. On the other hand, fiscal expansion and a firmer labor market should somewhat cushion the effects of stronger price pressures. FocusEconomics Consensus Forecasts panelists expect the economy to grow 1.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.5% in 2020.Netherlands Economy Data
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Netherlands Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.29 | 5.70 % | Jul 30 |
| Exchange Rate | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 572 | -0.57 % | Jul 31 |
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Netherlands Economic News
Netherlands: Consumer confidence deteriorates in August
August 21, 2019
The consumer confidence index fell from 2 in July to 0 in August, consequently falling from optimistic to neutral territory.
Netherlands: Dutch economy outperforms Eurozone average in Q2
August 14, 2019
Preliminary data showed that the economy expanded 0.5% quarter-on-quarter in Q2, matching the first quarter’s expansion, supported by rebounding domestic demand and a stronger external sector.
Netherlands: Operating conditions improve at a stable pace in July
August 1, 2019
Dutch operating conditions continued expanding at a soft pace in July, as the NEVI and IHS Markit manufacturing Purchasing Managers’ Index (PMI) was stable at June’s 50.7; this, however, marked a 74-month low.
Netherlands: Business sentiment rises in July
July 30, 2019
Manufacturing confidence improved at the start of the third quarter, with the sentiment index rising to 3.9 in July from 3.3 in June, which had marked a near three-year low.
Netherlands: Consumer confidence returns to optimistic territory
July 22, 2019
Consumer sentiment returned to optimistic territory at the start of the third quarter with the consumer confidence index rising to 2 in July from 0 in June.
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