Exchange Rate in Netherlands
Netherlands - Exchange RateThe economy suffered slightly less from Covid-19 in Q1 than initially estimated, as household consumption and external demand fell at softer rates while fixed investment grew. Nevertheless, GDP still contracted at the quickest pace since the Global Financial Crisis. The economy likely performed worse in Q2 and entered the first technical recession in over eight years amid the full effect of restrictive measures. In May, the manufacturing PMI fell to an 11-year low and business sentiment remained deeply pessimistic, while industrial production and private consumption plummeted in April. Moreover, consumer sentiment was firmly pessimistic throughout the quarter. In better news, house price growth was the strongest in over a year in May, which could create a wealth effect and support household consumption somewhat. In addition, the lifting of lockdown measures from May and fiscal stimulus should be supporting activity in the tail end of the quarter.
Netherlands - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 30, 2020
Business confidence rose to minus 8.7 in July from June's minus 15.1.
July 22, 2020
Consumer confidence rose to minus 26.0 in July from June's minus 27.0.
July 1, 2020
Operating conditions in the Dutch manufacturing sector continued to deteriorate at the end of the second quarter, with the NEVI Manufacturing Purchasing Managers’ Index (PMI) coming in at 45.2 in June.
June 29, 2020
Business confidence came in at minus 15.1 in June, up from May's minus 25.1.
June 24, 2020
A second reading of national accounts data showed that the economy suffered slightly less than previously estimated in Q1, with GDP decreasing a revised seasonally-adjusted 1.5% (previously reported: -1.7% s.a.