Dutch GDP Growth Revised Up to 0.8% in Q3

The Dutch economy expanded 0.8 percent on quarter in the third quarter of 2016, slightly faster than a 0.7 percent growth in a preliminary figure as well as in the previous two quarters, final figure showed.
Statistics Netherlands l Rida Husna | rida@tradingeconomics.com 12/23/2016 9:26:33 AM
In the September quarter, the economy posted its eleventh straight quarter of growth and the strongest since the fourth quarter 2014. Household consumption grew by 0.9 percent (from +0.3 percent in Q2) while net trade contributed positively (exports rose 1 percent, compared to +0.2 percent in Q2 and imports also went up 1 percent, following + 0.1 percent in Q2). Meanwhile,  gross fixed capital formation grew 0.6 percent ( from +1.9 percent in Q2). In contrast, government spending contracted 0.4 percent (from +0.6 percent in Q2).

Year-on-year the economy advanced 2.4 percent, following a 2.3 percent expansion in the previous period. It was the fastest growth since the March quarter 2015. Growth was mainly driven by private consumption (+2.0 percent from +1.1 percent in the preceding quarter) and business investment (+9.2 percent from +9.3 percent). An increase was also seen in government consumption (+0.2 percent from +1.2 percent) and exports (+2.7 percent from +4.0 percent). In contrast, a decline was seen in government investment (-0.7 percent from -3.0 percent).

Dutch GDP Growth Revised Up to 0.8% in Q3