Current Account in Netherlands
Netherlands - Current AccountThe Dutch economy made a hesitant start to the year, with growth evaporating on the back of falling household consumption and moderating investment growth. During the second quarter, the data points to a two-speed economy. On one hand, business confidence rose to its highest level since November 2021 in April, while the manufacturing PMI showed that operating conditions continued to improve during the month. On the other hand, consumer sentiment deteriorated significantly during April and May, with inflation remaining in double digits during April. This is likely to constrain household spending during the quarter, despite a further tightening of the labor market in April. Meanwhile, the European Commission recently listed tax distortions, the housing market, the pension system and the green-energy transition as key issues for the government to address.
Netherlands - Current Account Data
|Current Account (% of GDP)||6.2||8.0||10.8||10.8||-|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Current Account Chart
Source: Statistics Netherlands and FocusEconomics calculations.
|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 20, 2023
Consumer confidence rose to minus 49.0 in January from December's minus 52.0.
January 10, 2023
Harmonized inflation ticked down to 11.0% in December, following November’s 11.3%.
January 2, 2023
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, increased to 48.6 in December from 46.0 in November.
December 30, 2022
Business confidence rose to 3.3 in December from November's 3.0.
December 20, 2022
Consumer confidence rose to minus 52.0 in December from November's minus 57.0.