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Dutch Q3 GDP Growth Rate Revised Up to 7.8%
The Netherlands economy grew by a record 7.8 percent on quarter in the three months to September 2020, faster than an initially estimates of a 7.7 percent growth, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.7 percent expansion. Household consumption was the main driver of growth, rising 8.9 percent (-11.3 percent in Q2), while other positive contributions came from public spending (7.2 percent vs -3.1 percent) and investment (7.2 vs -11.3 percent). Also, net external demand contributed positively to the GDP growth, as exports rose by 8.3 percent (vs -10.3 percent in Q2), while imports increased at a softer 6.7 percent (vs -9.5 percent in Q2). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
Published on 2020-12-24

Dutch Economy Grows by Record 7.7% in Q3
The Netherlands economy grew by a record 7.7 percent on quarter in the three months to September 2020, partially recovering from an unprecedented contraction of 8.5 percent in the previous period and beating market expectations of a 7.0 percent expansion, a preliminary estimate showed. Household consumption was the main driver of growth, rising 9.4 percent, while other positive contributions came from public spending (6.3 percent), exports (8.6 percent) and investment (6.3 percent). Year-on-year, the economy shrank 2.5 percent, easing from a record 9.4 percent contraction in the second quarter.
Published on 2020-11-13

Dutch Economy Shrinks at Record Pace in Q2
The Dutch economy shrank by 8.5 percent on quarter in the three months to June 2020, the steepest pace of contraction since the series began in 1988, following a 1.5 percent contraction in the previous quarter. That was the second consecutive quarterly decline in GDP, which means the country officially entered a recession due to the coronavirus health crisis that ravaged business activity and global demand. Household consumption slumped 11.3 percent (vs -2.6 percent in Q1), fixed investment tumbled 11.3 percent (vs 0.6 percent in Q1) and government spending decreased 3.1 percent (vs -1.5 percent in Q1). In addition, net external demand contributed negatively to the GDP as exports plunged 10.3 percent and imports were down 9.5 percent. On a yearly basis, the economy shrank by a record 9.4 percent.
Published on 2020-09-23

Dutch Economy Contracts at Record Pace
The Dutch economy shrank 8.5 percent on quarter in the three months to June 2020, the steepest pace of contraction since comparable records began in 1988 and compared to market expectations of a 9.2 percent slump, a preliminary estimate showed. That was the second consecutive quarterly decline in GDP, which means the country officially entered a recession, due to the COVID-19 pandemic and the government efforts to curb the spread of the virus. Household consumption tumbled 10.4 percent (vs -2.6 percent in Q1), fixed investment plunged 12.4 percent (vs 0.6 percent in Q1) and government spending declined 3.0 percent (vs -1.5 percent in Q1). In addition, net external demand contributed negatively to the GDP as exports slumped 9.8 percent and imports were down 8.3 percent.
Published on 2020-08-14

Dutch Economy Shrinks Less than Initially Thought
The Netherlands' economy shrank 1.5 percent on quarter in the first three months of 2020, the steepest period of contraction since the first quarter of 2009, but better than a preliminary estimate of a 1.7 percent drop, as the coronavirus pandemic hit demand and activity. Household consumption tumbled 2.6 percent, while government spending dropped 1.5 percent. In addition, net external demand contributed negatively to the GDP as both exports and imports were sharply down. Meantime, fixed investment growth eased to 0.6 percent from 1.3 percent in the fourth quarter.
Published on 2020-06-24

Dutch GDP Contracts the Most in 11 Years
The Netherlands' economy shrank 1.7 percent on quarter in the first three months of 2020, the most since the first quarter of 2009 and compared to market expectations of a 3 percent slump, a preliminary estimate showed, as the coronavirus pandemic hit demand and activity. Household consumption tumbled 2.7 percent, the biggest decline since the start of the series in 1987, and fixed investment fell 1.1 percent. In addition, government spending dropped 1.4 percent, and both exports and imports were sharply down. On the production side, the sharpest contractions were seen in the culture, recreation, sports & other services, the trade, transport, catering & storage, and the government, education & health care sectors.
Published on 2020-05-15

Dutch Q4 GDP Growth Confirmed at 0.4%
The Dutch quarterly economic growth was confirmed at 0.4 percent in the last three months of 2019, the same as in the previous period. Private consumption advanced 0.7 percent (vs 0.2 percent in Q3) and fixed investment rebounded 1.2 percent (vs -0.3 percent in Q3), while government spending increased at a softer 0.4 percent (vs 0.6 percent in Q3). In addition, net external demand contributed positively to the GDP, with exports rising slightly faster than imports, while inventory changes subtracted 0.1 percentage points to the growth.
Published on 2020-03-25

Dutch Q4 GDP Growth Slightly Stronger than Forecast
The Dutch economy grew 0.4 percent on quarter in the last three months of 2019, the same pace as in the previous period and above market expectations of a 0.3 percent expansion, a preliminary estimate showed. Private consumption advanced 0.7 percent (vs 0.1 percent in Q3) and fixed investment rebounded 1.2 percent (vs -0.2 percent in Q3), while government spending increased at a softer 0.3 percent (vs 0.5 percent in Q3). In addition, net external demand contributed positively, with exports rising slightly faster than imports, while inventory changes subtracted 0.2 percentage points to the growth.
Published on 2020-02-13

Dutch Q3 GDP Growth Confirmed at 0.4%
The Dutch economy grew by 0.4 percent on quarter in the three months to September 2019, the same pace as in the previous period and matching preliminary estimate. Growth was mainly driven by public spending, inventory changes and household consumption.
Published on 2019-12-24

Dutch Q3 GDP Growth Slightly Above Forecasts
The Dutch economy grew by 0.4 percent on quarter in the three months to September 2019, the same pace as in the previous period and slightly above market expectations of 0.3 percent, a preliminary estimate showed. Growth was mainly driven by public spending, inventory changes and household consumption, while fixed investment contracted and net external demand contributed negatively to the GDP. Year-on-year, the economy grew by 1.9 percent, accelerating from 1.8 percent in the previous period and beating market expectations of 1.7 percent.
Published on 2019-11-14

Dutch Q2 GDP Growth Revised Down to 0.4%
The Dutch quarterly economic growth was revised lower to 0.4 percent in the second quarter of 2019 from a preliminary estimate of 0.5 percent. Household consumption and net foreign demand were the main drivers of the expansion, while fixed investment rose at a softer pace.
Published on 2019-09-23

Dutch Q2 GDP Growth Stronger than Expected
The Dutch economy advanced 0.5 percent on quarter in the three months to June 2019, the same pace as in the previous period and beating market expectations of 0.3 percent, a preliminary estimate showed. Growth was mainly driven by net foreign demand, household consumption and fixed investment.
Published on 2019-08-14

Dutch GDP Growth Confirmed at 0.5% in Q1
The Dutch quarterly economic growth was confirmed grew at 0.5 percent in the three months to March of 2019, the same as in the previous three-month period. Growth was mainly driven by fixed investment which offset a negative foreign demand.
Published on 2019-06-24

Dutch Q1 GDP Growth Beats Estimates
The Dutch economy advanced 0.5 percent on quarter in the three months to March 2019, the same as in the previous period and beating market expectations of 0.4 percent, a preliminary estimate showed. Growth was mainly driven by fixed investment which offset a negative foreign demand.
Published on 2019-05-14

Dutch Q4 GDP Growth Confirmed at 0.5%
The Dutch quarterly economic growth was confirmed at 0.5 percent in the fourth quarter of 2018, compared with an upwardly revised 0.2 percent expansion in the previous three-month period. Growth was driven by household consumption, fixed investment and government spending, while net external demand contributed negatively to the GDP growth.
Published on 2019-03-26

Dutch GDP Growth Accelerates to 0.5% in Q4
The Dutch economy expanded 0.5 percent on quarter in the three months to December 2018, accelerating from a downwardly revised 0.1 percent growth in the previous period and matching market expectations, a preliminary estimate showed. Household consumption and fixed investment rebounded while a negative contribution was made by inventory changes.
Published on 2019-02-14

Dutch GDP Growth Confirmed at 0.2% in Q3
The Dutch economy grew by 0.2 percent on quarter in the three months to September 2018, following a 0.7 percent expansion in the previous period, matching market expectations, and in line the preliminary estimates. It is the lowest growth rate since the second quarter of 2016, as exports growth slowed while both household spending and investment showed no growth. Also, government spending stalled.
Published on 2018-12-24

Netherlands GDP Growth Lowest in Over 2 Years
The Dutch economy expanded 0.2 percent on quarter on the three months to September of 2018, well below a downwardly revised 0.7 percent in the previous period and worse than market expectations of 0.5 percent. It is the lowest growth rate since the second quarter of 2016, preliminary estimates showed. Household spending was the main driver of growth while exports slowed and investment shrank.
Published on 2018-11-14

Dutch Q2 GDP Growth Revised Higher to 0.8%
The Dutch economy advanced by 0.8 percent on quarter in the three months to June 2018, above the preliminary estimate of 0.7 percent and following a 0.6 percent expansion in the previous period. Growth was mainly driven by net external demand and fixed investment.
Published on 2018-09-21

Dutch Q2 GDP Growth Stronger than Expected
The Dutch economy grew by 0.7 percent on quarter in the three months to June 2018, following a 0.6 percent expansion in the previous period and beating market expectations of 0.5 percent, a preliminary estimate showed. Growth was mainly driven by foreign trade and investments.
Published on 2018-08-14