Current Account in Netherlands
Netherlands - Current AccountThe economy is likely to have shifted down a gear in the second quarter of the year, after robust fixed investment and stockpiling powered growth in the first quarter. Industrial production contracted at the sharpest rate in April since December last year despite strong transport equipment output, while the manufacturing PMI expanded more softly in April and May than in January–March. Meanwhile, business confidence cooled in May from the first quarter amid less optimism over expected output and order books, and pessimism among consumers remained widespread through May. More positively, retail sales growth accelerated in April, with rampant growth in online shopping. Furthermore, exports rebounded in April and grew at the quickest pace since October 2018—seemingly defying a more hostile external backdrop.
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||-0.15||5.70 %||Jul 10|
|Exchange Rate||1.13||0.65 %||Jul 11|
|Stock Market||567||-0.57 %||Jul 11|
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July 1, 2019
The Dutch manufacturing sector closed the second quarter on a weak footing, with the NEVI and IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropping to a six-year low of 50.7 in June from 52.2 in May.
June 27, 2019
Confidence among Dutch manufacturers dropped from 4.7 in May to 3.3 in June, as sentiment has cooled in the second quarter over the prior quarter.
June 20, 2019
Consumer sentiment in the Netherlands rose from minus 3 in May to a neutral 0 in June, coming above the long-term average over the last 20 years of minus 4 and marking the first time since January that pessimism did not reign supreme.
June 3, 2019
The NEVI and IHS Markit’s manufacturing Purchasing Managers’ Index (PMI) ticked up from 52.0 in April to 52.2 in May.
May 29, 2019
Business sentiment eased to 4.7 in May from 6.7 in April, marking the lowest reading since December 2016.