Netherlands Economic Outlook
January 30, 2018A second GDP release for Q3 confirmed what was likely a temporary slowdown in growth momentum following a stellar performance in the prior quarter. However, private consumption remained solid amid ongoing employment gains, while fixed investment rebounded. Indicators for Q4 suggest that the momentum again picked up pace. Both household spending and fixed investment continued to grow in October and November on an annual basis. Manufacturing production and exports also recorded positive readings in the same months. Meanwhile, the manufacturing PMI averaged higher in Q4 than in Q3, indicating that the momentum is expected to carry over into Q1 2018. Business and consumer confidence levels remained elevated, and consumer optimism is likely linked to decreasing unemployment. Unemployment continued to decline throughout the quarter, reaching in December the lowest level since June 2009.
Netherlands Economic GrowthDomestic demand should help drive growth this year as private consumption and fixed investment continue to perform robustly. Household spending will likely receive a boost from the government’s fiscal stimulus plan, while capacity tightness should drive wage growth as unemployment hovers at a multi-year low. Downside risks to the outlook persist, however, in a strong euro, which could restrain Dutch exports. FocusEconomics panelists foresee GDP growing 2.5% in 2018, up 0.1 percentage points from last month’s estimate, and 2.1% in 2019.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.78||5.70 %||Feb 21|
|Exchange Rate||1.23||0.65 %||Feb 22|
|Stock Market||533||-0.57 %||Feb 22|
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Netherlands Economic News
February 21, 2018
The seasonally-adjusted consumer confidence index eased to 23 points in February from 24 points in January.
February 14, 2018
According to the first estimate of GDP for the final quarter of 2017, released by Statistics Netherlands (CBS) on 14 February, the pace of growth picked up steam to 0.8% quarter-on-quarter (Q3: +0.4% quarter-on-quarter).
February 1, 2018
The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, came in at 62.5 points in January, the highest level in the history of the survey, and fractionally above the prior month’s level of 62.2.
February 1, 2018
Confidence in the Dutch manufacturing sector reached a record high in January, coming in at 10.3.
January 22, 2018
The seasonally-adjusted consumer confidence index declined marginally to 24 points in January, from 25 points in December.