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.
12/24/2018 6:09:55 AM
Exports increased 1.2 percent, below 1.4 percent in Q2 while imports rose at a faster 1.4 percent (0.4 percent in Q2).Household spending showed no growth, after a 0.2 percent gain in the previous period while government spending stalled after edging up 0.1 percent in Q2. Also, gross investment in fixed assets showed no growth after a 0.8 percent growth in Q2.
Year-on-year, the economy advanced by 2.4 percent year-on-year in the third quarter, in line with the preliminary estimate and following a 3.1 percent expansion in the previous period, and the lowest growth rate since the last quarter of 2016. Slowdowns were seen in household spending (1.8 percent compared to 2.6 percent in Q2); investment (3.3 percent compared to 5.9 percent); exports (3.4 percent compared to 3.5 percent); while imports rose faster (3.5 percent compared to 3.1 percent). On the other hand, public expenditure increased slightly faster (1.2 percent compared to 1.1 percent).