Tuesday November 15 2016
Dutch GDP Beats Expectations in Q3
Statistics Netherlands | Yekaterina Guchshina | yekaterina@tradingeconomics.com

The Dutch economy advanced 0.7 percent on quarter in the third quarter of 2016, at the same pace as in the previous period and above market expectations of 0.4 percent, flash estimates showed.

The economy posted its tenth consecutive quarter of growth, as household consumption expanded 0.7 percent (+0.3 percent in Q2). Also, net trade contributed positively as exports accelerated (1.2 percent compared to 0.2 percent in Q2) at a faster pace than imports (1.1 percent compared to 0.1 percent in Q2). In contrast, gross fixed capital formation grew at a slower 0.5 percent (+1.9 percent in Q2) and government spending contracted 0.1 percent (+0.6 percent in Q2). 

Year-on-year, the economy advanced Dutch economy advanced 2.4 percent, following 2.3 percent growth in the previous period. While private consumption expanded at a faster pace (+1.7 percent from +1.1 percent in Q2); business investment (+6.9 percent from +7 percent in Q2) and government spending (+0.9 percent from +0.4 percent in Q2) slowed slightly. Exports rose 3 percent (+4 percent in Q2) and imports increased 3.1 percent (+4.2 percent in Q2). 




Friday August 12 2016
Dutch GDP Expands 0.6% in Q2
Yekaterina Guchshina | yekaterina@tradingeconomics.com

The Dutch economy advanced 0.6 percent on quarter in the second quarter of 2016, following to an upwardly revised 0.6 percent expansion in the previous period and above market expectations of 0.5 percent, flash estimates showed.

The economy posted its ninth consecutive quarter of growth, as gross fixed capital formation expanded by 2.5 percent (+1.3 percent in Q1), government spending rose by 0.5 percent (+0.7 percent in Q1) and household consumption went up 0.2 percent (+0.5 percent in Q1). Meantime, exports of goods and services showed no growth (+1.0 percent in Q1) while imports contracted 0.2 percent (+0.6 percent).

Year-on-year, the economy advanced Dutch economy advanced 2.3 percent, following 1.5 percent growth in the previous period and well above market expectations of 1.2 percent. While government spending (+0.9 percent from +0.4 percent in Q1) expanded at a faster pace and government investment rebounded (+4.6 percent from -3.1 percent in Q1), private consumption (+1.2 percent from +1.3 percent in Q1) and business investment (+8.3 percent from +10.0 percent in Q1) slowed. Exports rose 4.0 percent (+4.8 percent in Q1) and imports increased 4.2 percent (+6.6 percent in Q1). 


Friday May 13 2016
Netherlands GDP Growth Up to 0.5%
CBS | Joana Taborda | joana.taborda@tradingeconomics.com

The Dutch economy expanded 0.5 percent on quarter in the first three months of 2016, accelerating from a 0.3 percent growth in the previous quarter and matching market expectations, preliminary figures showed. It is the eighth consecutive quarter of growth and the highest performance in a year as consumption, investment and exports made positive contributions.

Year-on-year, the GDP advanced 1.4 percent, slowing from a 1.6 percent growth in the previous quarter but higher than market expectations of 1.1 percent. Private spending grew at a faster 2 percent (1.8 percent in Q4 2015), mainly due to spending on services such as catering, recreation and culture. Expenditure on services make up half of the total domestic consumer spending. Government spending went up 2.2 percent, rebounding from a 0.1 percent fall in the previous quarter while public investment grew at a slightly slower 1.2 percent (1.3 percent in Q4 2015).  Business investment remained resilient but grew at a lower 9.3 percent (11.9 percent in the previous quartet). Companies have invested more in vehicles including trucks, trailers, aircrafts, cars, homes, computers and software. In addition, exports (1.8 percent from 3.1 percent) and imports (3.4 percent from 5.1 percent) growth slowed. Companies sold more means of transport while shipments of gas, machinery and equipment shrank. As a result, net trade made a negative contribution to growth. 


Friday March 25 2016
Dutch GDP Growth Confirmed at 0.3% QoQ in Q4
Yekaterina Guchshina | yekaterina@tradingeconomics.com

The Dutch economy advanced 0.3 percent on quarter in the three months to December of 2015, compared to an upwardly revised 0.2 percent expansion in the previous period, final estimates showed. It was the seventh consecutive quarter of growth, mainly driven by investments.

The economy posted its seventh consecutive quarter of growth, as gross fixed capital formation expanded by 3.1 percent (+0.8 percent in Q3). By contrast, government spending contracted by 0.4 percent (+0.4 percent in Q3) and household consumption showed no growth (0.0 percent in Q3). Net external demand continued to weigh on growth, as exports of goods and services grew 1.7 percent (+0.7 percent) while imports rose at a faster 2.2 percent (+1.3 percent in Q3)

Year-on-year, the economy advanced by 1.6 percent, down from an upwardly revised 2.0 percent in the previous quarter. It was the lowest growth rate since the fourth quarter of 2014. An expansion was seen for: investments (+9.6 percent from +10.2 percent in Q3), household (+1.2 percent from +1.8 percent) and government consumption (+0.3 percent from +0.6 percent). Net external demand continued to drag the growth down, as exports increased by 6.4 percent (+4.4 percent in Q3) while imports rose at a faster 8.6 percent (+5.8 percent in Q3).

Considering full 2015, GDP advanced 2.0 percent, accelerating from 1.0 percent in 2014, as investment increased by 10.3 percent (+3.5 percent in 2014) and household consumption expanded by 1.1 percent after showing no growth in the previous year.


Thursday February 11 2016
Dutch Economy Expands 0.3% in Q4
Joana Ferreira | joana.ferreira@tradingeconomics.com

The Dutch economy advanced 0.3 percent on quarter in the three months to December of 2015, compared to a 0.1 percent expansion in the previous period, flash estimates showed. It was the seventh consecutive quarter of growth, mainly driven by investment.

The economy posted its seventh consecutive quarter of growth, as gross fixed capital formation expanded by 3.3 percent (+0.8 percent in Q3). By contrast, government spending contracted by 0.4 percent (+0.3 percent in Q3) and household consumption shrank by 0.1 percent after showing no growth in Q3. Net external demand continued to weigh on growth, as exports of goods and services grew 0.2 percent while imports rose at a faster 0.5 percent.

Year-on-year, the economy advanced by 1.6 percent, down from 1.9 percent in the previous quarter but beating market expectations of 1.2 percent growth. It was the lowest growth rate since the fourth quarter of 2014, as investment and household consumption expanded at a slower pace while government spending showed no growth. Gross fixed capital investment advanced 10 percent (+10.3 percent in Q3), as investment in passenger vehicles and houses has grown significantly. In addition, companies have spent more in equipment, telecommunications and software. Household consumption grew by 1.1 percent (+1.8 percent in Q3), as consumers spent more on housing, electrical appliances and services such as catering, recreation and culture. Meanwhile, government spending was flat (+0.3 percent in Q3) and net external demand continued to contribute negatively. Exports rose by 3.7 percent (+4 percent in Q3), boosted by sales of chemicals and transport equipment while imports grew at a faster 5.5 percent (+5.4 percent in Q3).

On the production side, business services grew strong while mineral extraction declined sharply.

Considering full 2015, GDP advanced 1.9 percent, accelerating from 1.6 percent in 2014, as investment increased by 10.3 percent (+3.5 percent in 2014) and household consumption expanded by 1.6 percent after showing no growth in the previous year.


Friday November 13 2015
Dutch GDP Grows 0.1% in Q3
Joana Ferreira | joana.ferreira@tradingeconomics.com

The Dutch economy advanced by only 0.1 percent on quarter in the three months to September 2015, the same pace as in the previous period and missing market expectations of 0.3 percent growth. Government expenditure was the main driver of growth, while investment slowed and private consumption stagnated, preliminary estimates showed.

The economy posted its sixth consecutive quarter of growth, but the pace of acceleration has slowed sharply in the last two periods to its lowest level since the first quarter of 2014 when Dutch economy contracted by 0.7 percent. Government spending grew 0.4 percent after showing no growth in the previous quarter. By contrast, investment growth eased to only 0.3 percent (+3 percent in Q2) and household consumption was flat (+0.3 percent in Q2). Net external demand continued to drag the expansion down, as exports of goods and services grew 0.7 percent while imports rose at a faster 1.1 percent.

Year-on-year, the economy advanced by 1.9 percent, up from 1.8 percent in the previous quarter but staying below market expectations of 2.1 percent growth. The annual increase was led by higher consumption from consumers and government, while investment expanded at a slower pace. Private consumption increased by 1.8 percent (+1.6 percent in Q2), as consumers spent more on clothing, electrical appliances, cars and miscellaneous services. Also, government spending expanded by 0.2 percent (-0.2 percent in Q2). Business investment advanced 10.9 percent (+14.5 percent in Q2), as companies invested more in houses and transport, mainly passenger cars, trucks and trailers. Also, companies have also spent more on plant and machinery, telecommunications and software. However, net external demand continued to contribute negatively. Exports rose by 4.3 percent (+4.5 percent in Q2), boosted by sales of oil products and transport equipment, while natural gas shipments shrank. Meanwhile, imports grew faster by 5.6 percent (+5.8 percent in Q2).

On the production side, mineral extraction declined sharply, while construction and business services grew strong.


Thursday November 05 2015
Dutch Inflation Rate Up 0.7% YoY in October
CBS l Rida Husna | rida@tradingeconomics.com

The annual inflation rate in Netherlands was at 0.7 percent in October of 2015, up from 0.6 percent in the previous month and matching market expectations. An increase in cost of food, services and housing offset a decline in cost of energy.

Year-on-year, prices rose for: foods, alcohol and tobacco (+1.5 percent in October from (+1.6 percent in September), services (+1.9 percent from +1.9 percent), housing (+2.4 percent from +2.4 percent). In contrast, prices declined for energy (-7.3 percent from -7.3 percent). Among energy, cost of petrol increased by 11.8 percent, following a 12.5 percent drop in September. Prices of tickets rose 9.7 percent in October while in September it was as costly as a year earlier.

On a monthly basis, consumer prices dropped 0.1 percent, following a 0.2 percent fall in September.

The harmonized index remained unchanged in October from a month earlier. Year-on-year, it rose 0.4 percent, accelerating from 0.3 percent in September 2015.




Thursday October 08 2015
Netherlands Inflation Rate Slows to 0.6% in September
CBS | Joana Ferreira | joana.ferreira@tradingeconomics.com

Annual inflation rate in Netherlands eased to 0.6 percent in September of 2015, compared to 0.8 percent in the previous month, as further decline in petrol prices was enough to offset an increase in cost of housing and utilities and food.

Year-on-year, cost of gasoline fell 12.5 percent to an average of 1.51 EUR per liter in September (-7.5 percent in August), leading to a 3.7 percent decline in prices of transportation (-1.8 percent in August). Also, prices of diesel and LPG dropped by 15.5 percent and 24.5 percent, respectively. By contrast, upward pressure came from: housing and utilities (+1.4 percent); food and non-alcoholic beverages (+1.5 percent); recreation and culture (+0.8 percent); and miscellaneous goods and services (+2.1 percent).

Annual core inflation remained unchanged at 1.2 percent.

On a monthly basis, consumer prices dropped 0.2 percent, after falling 0.3 percent in the previous month, mainly due to lower prices of food and non-alcoholic beverages (-0.5 percent); transport (-3.4 percent); and recreation and culture (-2.2 percent). By contrast, cost of miscellaneous goods and services increased by 0.1 percent (from -0.2 percent in August), while prices of housing and utilities showed no growth for the second consecutive month.


Wednesday September 23 2015
Dutch GDP Growth Revised Up
Yekaterina | yekaterina@tradingeconomics.com

The Dutch economy expanded 0.2 percent in the second quarter of 2015, better than a preliminary estimate of 0.1 percent, but below 0.6 percent reported in the first quarter of 2015.

Gross fixed capital formation increased by 3.2 percent as investments in buildings, infrastructure and software were higher than previously estimated. The private consumption (+0.3 percent), exports (+1.6 percent) and imports (+3.1 percent) also contributed more to the growth, while government consumption decreased 0.1 percent. 

Year-on-year, the GDP expanded 1.8 percent in the second quarter of 2015, compared to a preliminary estimate of 1.6 percent.


Thursday September 17 2015
Dutch Unemployment Rate Steady at 6.8%
Joana Ferreira | joana.ferreira@tradingeconomics.com

The seasonally adjusted jobless rate in Netherlands was unchanged at 6.8 percent in August, the same as in the previous month and the lowest since February of 2013. In August last year, the unemployment rate was recorded at 7.2 percent.

Year-on-year, the number of unemployed persons fell by 33 thousand or by 5.2 percent to 604 thousand in August, compared to 637 thousand. Also, youth unemployment rate decreased to 11.2 percent from 12.4 percent last year.

By contrast, employment increased by 85 thousand or by 1 percent to 8307 thousand in August from 8222 thousand in the previous year. These include 4470 thousand men (+21 thousand or +0.5 percent) and 3837 thousand women (+64 thousand or +1.7 percent).

Meanwhile, the labor force participation rate was stable at 70.2 in August while increased from 69.9 percent in the previous year.