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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September 21, 2022
Consumer confidence fell to minus 59.0 in September from August's minus 54.0.
September 1, 2022
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, eased to 52.6 in August from 54.5 in July, marking the lowest print since October 2020.
August 31, 2022
Harmonized inflation rose to 13.7% in August, following July’s 11.6%.
August 30, 2022
Business confidence moderated to 4.6 in August, down from July's 8.4.
August 24, 2022
Consumer confidence came in at minus 54.0 in August, down from July's minus 51.0.