Current Account in Netherlands
Netherlands - Current AccountEconomic growth was solid in the second quarter in defiance of the broader slowdown in the Eurozone, and despite heightened Brexit uncertainty and a gloomier global growth outlook. The expansion was powered by an acceleration in private consumption growth, on the back of a rock-solid labor market and rapid wage growth, while exports of goods and services growth also revved up, shrugging off global trade tensions. Fixed investment and government spending lost steam, however. Turning to the third quarter, the economy will likely slow on a tough base of comparison and soft external momentum, although fundamentals are still robust nonetheless. In July, annual hourly earnings growth reached a multi-year high and the unemployment rate hovered near one-decade lows, which should be underpinning private consumption. However, the manufacturing PMI was only just in positive territory in the same month, weighed on by lower new domestic and foreign orders.
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|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 21, 2019
The consumer confidence index fell from 2 in July to 0 in August, consequently falling from optimistic to neutral territory.
August 14, 2019
Preliminary data showed that the economy expanded 0.5% quarter-on-quarter in Q2, matching the first quarter’s expansion, supported by rebounding domestic demand and a stronger external sector.
August 1, 2019
Dutch operating conditions continued expanding at a soft pace in July, as the NEVI and IHS Markit manufacturing Purchasing Managers’ Index (PMI) was stable at June’s 50.7; this, however, marked a 74-month low.
July 30, 2019
Manufacturing confidence improved at the start of the third quarter, with the sentiment index rising to 3.9 in July from 3.3 in June, which had marked a near three-year low.
July 22, 2019
Consumer sentiment returned to optimistic territory at the start of the third quarter with the consumer confidence index rising to 2 in July from 0 in June.