Current Account in Netherlands
Netherlands - Current AccountWhile the government technically lost its majority in Parliament in early October, this is unlikely to result in the fall of the coalition cabinet or to have any significant economic ramifications. Against this political backdrop, the economy likely lost a step in the third quarter after robust growth in the second. Industrial production faltered in July–August, likely hit by weakness in Germany’s manufacturing sector and weakened global trade as the Sino-American trade war lingers and Brexit remains unclear. This is also reflected in weak annual merchandise export growth in the same period. More positively, household consumption accelerated in July in year-on-year terms, benefiting from a tight labor market and cheap credit conditions, while retail sales growth continued apace in July–August compared to Q2, boding well for private consumption in Q3.
Netherlands - Current Account Data
|Current Account (% of GDP)||9.8||8.4||6.2||8.0||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||-0.57||5.70 %||Sep 03|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||563||-0.57 %||Sep 04|
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October 1, 2019
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, was stable at August’s 51.6 in September.
September 27, 2019
Dutch manufacturers became less upbeat in September, with the confidence index dropping from 3.9 in August to 3.3 in September and reaching the joint-lowest reading since November 2016.
September 23, 2019
A second reading of national accounts data saw growth in the second quarter revised slightly downwards from 0.5% quarter-on-quarter to 0.4% quarter-on-quarter, matching the revised 0.4% expansion in the prior quarter.
September 19, 2019
Consumer sentiment soured in September, with the index dropping to minus 2 from 0 in August; yet, the index remained above the 20-year long-term average of minus 4.
September 2, 2019
Survey data suggests that the Dutch manufacturing sector improved in August, as the NEVI Netherlands Manufacturing PMI, produced by NEVI and IHS Markit, hit a three-month high.