Current Account in Netherlands
Netherlands - Current Account (billions of Euros)The economy is fending off a more hostile external environment resiliently compared to regional peers. However, the diverging trend continued into Q3: robust domestic demand buttressing growth, while the manufacturing sector is suffering from external headwinds. The labor market remained tight through August and retail sales grew strongly in July, despite elevated inflation. Yet manufacturing output fell again in July amid industrial weakness in Germany. More positively, the manufacturing PMI picked up un August although it remained subdued by historical standards. Against the backdrop of a still-resilient economy, the government unveiled an expansionary 2020 budget on 17 September. The government is focusing on reducing the tax burden while increasing expenditure on pensions, environment, youth healthcare and the housing market.
Netherlands - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||64.4||56.3||43.4||57.1||79.9|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Current Account (EUR bn) 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.