Current Account in Netherlands
Netherlands - Current AccountThe economy returned to pre-pandemic levels in the third quarter, despite a softer pace of expansion due to milder increases in private and public consumption. Meanwhile, fixed investment contracted for the second consecutive quarter. Turning to Q4, the economy is set to cool further. The country went into a three-week lockdown on 13 November, which will dent spending amid reduced opening hours for all non-essential stores and services. Covid-19 cases have continued to surge into late November, suggesting that the restrictions could be extended. However, available data hints that underlying momentum is still fairly robust. In October, the manufacturing PMI remained comfortably in expansionary territory, while business confidence rose to a three-month high. Moreover, a tight labor market should give some support to household consumption, despite souring sentiment in October.
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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November 22, 2021
Consumer confidence fell to minus 19.0 in November from October's minus 10.0.
November 16, 2021
Economic growth slowed to 1.9% in seasonally-adjusted quarter-on-quarter terms in the third quarter, from 3.8% in the second.
November 1, 2021
The NEVI manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose to 62.5 in October from 62.0 in September, marking the first increase in five months.
October 28, 2021
Business confidence came in at 12.3 in October, up from September's 11.1.
October 21, 2021
Consumer confidence came in at minus 10.0 in October, down from September's minus 5.0.