Netherlands Economic Outlook
November 21, 2017The great economic run in recent months appears to have abated in the third quarter: Economic growth slowed in both annual and quarter-on-quarter terms, although year-on-year growth was still solid. The slowdown is likely linked to the prolonged political uncertainty around the makeup of the new cabinet, as indicators suggest that the final quarter of the year picked back up. The manufacturing PMI reached its second-highest reading in the history of the survey in October, as business conditions marked the 51st consecutive month of improvements. New export orders remained at historically high levels, which indicates solid overseas demand for Dutch goods. However, business confidence slipped in October over less positive views on future output. Nonetheless, private consumption is expected to pick up through year-end; retail trade grew robustly in September in monthly and yearly terms, underpinned by strong labor market dynamics.
Netherlands Economic GrowthEconomic growth is expected to be robust next year on the back of a strong external sector and buoyant domestic demand, aided by fiscal stimulus measures. Private consumption, a mainstay of the Dutch economy, is expected to grow healthily going forward as the income tax burden is relieved. A strong euro could, however, drag on export growth. The economy is also vulnerable to the effects of Brexit. FocusEconomics panelists foresee GDP growing 2.2% in 2018, up 0.1 percentage points from last month’s estimate, and 1.8% in 2019.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.38||5.70 %||Oct 18|
|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||543||-0.57 %||Dec 06|
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Netherlands Economic News
December 1, 2017
The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, came in at 62.4 points in November, beating the previous month’s 60.4 points to reach the highest level since the survey began in March 2000.
November 29, 2017
Dutch manufacturing confidence jumped to 9.1 in November, the second-highest reading in the history of the survey, up from 8.2 the previous month.
November 22, 2017
In November, the seasonally-adjusted consumer confidence index remained stable at 23 points, where it has been for the past two months.
November 14, 2017
The Dutch economy slowed markedly in the third quarter, according to preliminary data released by the Central Bureau of Statistics (CBS) on 14 November.
November 1, 2017
The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, came in at 60.4 points in October, inching up from the prior month’s 60.0 points.