Retail Sales in Netherlands
Netherlands - Retail SalesThe Dutch economy expanded at twice the average speed of the Euro area in the third quarter on the back of robust private and public outlays as well as a positive contribution from the external sector. Household consumption has benefited from a tight labor market feeding through to higher wages and, boding well for private consumption ahead, the unemployment rate remained low at the start of the fourth quarter. Furthermore, exports grew robustly in October over the prior month while the merchandise trade surplus widened. Less positively, industrial output growth was flat in October over the prior month and the manufacturing PMI fell into contractionary territory for the first time in six years in November, boding ill for output.
Netherlands - Retail Sales Data
|Retail Sales (annual variation in %)||-3.2||2.0||2.6||1.9||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Retail Sales 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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January 22, 2020
Consumer confidence dropped from minus 2 in December to minus 3 in January, as the index remained below the neutral zero-mark that separates pessimism from optimism among consumers.
January 2, 2020
The Dutch manufacturing sector ended the year on a sour note, as operating conditions worsened at the strongest pace in over six-and-a-half years in December: The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell to 48.3 in December from 49.6 in November, remaining below the 50-threshold that separates an overall increase from an overall decrease compared to the prior month. The contraction was driven by the steepest reduction in output in over a decade as well as a sharp drop in order book volumes.
December 30, 2019
At the close of the year, sentiment among Dutch manufacturers ticked up marginally.
December 24, 2019
A second reading of national accounts data revealed that the economy grew 0.4% quarter-on-quarter in the third quarter, matching the preliminary estimate and Q2’s result, and continuing to cruise above the Euro area average.
December 20, 2019
Sentiment among Dutch consumers was unchanged in December from the prior month at minus 2.