Netherlands Economic Outlook
June 26, 2018A second estimate confirmed that GDP growth softened somewhat in the first quarter of the year, weighed down by a weaker performance in the external sector. Growth remained solid, however, underpinned by robust consumer spending on the back of tightening labor market conditions, moderate inflation and healthy wage gains. According to available data, the economic momentum appears to have carried over into the second quarter. Consumer confidence remained at high levels throughout the quarter, and the unemployment rate rested at a multi-year low in April and May, which bodes well for household spending. Moreover, robust growth in industrial production in April together with elevated business confidence and strongly expansionary conditions in the manufacturing sector in the first two months of the quarter suggest economic activity continued to expand at a solid rate in the second quarter.
Netherlands Economic GrowthAlthough some deceleration in export growth due to cooling economic conditions in the EU will weigh on the external sector, resilient domestic demand is expected to drive overall growth going forward. Rising wages and low unemployment should support consumer spending, while favorable business conditions and low interest rates will spur fixed investment. That said, uncertainty surrounding both Brexit and the political situation in Italy could lead to some financial instability and higher interest rates, posing downside risks to the outlook. FocusEconomics Consensus Forecasts panelists pencil in 2.7% growth for 2018, which is unchanged from last month’s forecast. Next year, the panel expects the economy to expand 2.2%.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.48||5.70 %||Jul 10|
|Exchange Rate||1.17||0.65 %||Jul 11|
|Stock Market||553||-0.57 %||Jul 11|
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Netherlands Economic News
July 2, 2018
Momentum in the Dutch manufacturing sector continued to ebb in June on the back of softer jobs growth.
June 28, 2018
Business sentiment dropped for the third time in four months in June, chiefly owing to a less upbeat view on future output.
June 22, 2018
A second release for growth in the first quarter of this year, released on 22 June, showed GDP expanded 0.6% quarter-on-quarter, above the preliminary 0.5% estimate but below Q4’s 0.9% expansion.
June 1, 2018
The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, decreased from 60.7 in April to 60.3 in May, the lowest reading since September of last year.
May 30, 2018
After two consecutive monthly drops in business confidence, sentiment increased strongly in May and reached the third-highest level in the history of the survey.