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.

Household spending rose 0.4 percent, after a 0.2 percent gain in the previous period while government spending stalled after edging up 0.1 percent in Q2. Exports increased 0.5 percent, below 1.2 percent in Q2 while imports rose at a faster 0.6 percent (0.2 percent in Q2). Also, grossinvestment in fixed assets delcined 0.5 percent after a 0.7 percent growth in Q2. 

Year-on-year, the economy expanded 2.4 percent, below 3.1 percent in Q2 and the lowest growth since the last quarter of 2016. Slowdowns were seen in household spending (2.3 percent compared to 2.6 percent in Q2); investment (2.4 percent compared to 5.9 percent); exports (2.3 percent compared to 3.5 percent); and imports (2.1 percent compared to 3.1 percent). On the other hand, public expenditure increased slightly faster (1.3 percent compared to 1.1 percent). 

Netherlands GDP Growth Lowest in Over 2 Years


Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2018 8:49:23 AM