Netherlands Economic Outlook
January 29, 2019Economic growth slowed noticeably in the third quarter following a robust expansion in the previous quarter. Weaker domestic demand and a softer contribution from the external sector led the deceleration, with private consumption growth flatlining despite lower unemployment and still-elevated consumer confidence. However, given that unemployment remained near a decade low in December and annual retail sales growth picked up pace in October-November, private consumption should have bounced back in the fourth quarter. Moreover, business confidence rose to a six-month high in December on a more upbeat outlook on expected output. Less positively, the average reading of the PMI eased in Q4 compared to Q3, while industrial output growth in October-November trended markedly below the Q3 average. Furthermore, the New Year started off on the wrong foot with consumer confidence narrowly remaining in optimistic territory in January; this will likely dent consumer spending somewhat in the early stages of 2019.
Netherlands Economic GrowthEconomic growth is expected to moderate this year, with Brexit-related uncertainties and lingering global trade tensions the key risks to the outlook. Domestic demand should cooldown somewhat on softer growth in investment and private expenditure; however, the government consumption is seen picking up pace. Met the why particular Consensus Forecasts panelists expect the economy to grow 1.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.7% in 2020.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.23||5.70 %||Feb 13|
|Exchange Rate||1.13||0.65 %||Feb 14|
|Stock Market||534||-0.57 %||Feb 14|
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Netherlands Economic News
February 14, 2019
In defiance of the general European trend of moderating economic growth, the Dutch economy shifted into a significantly higher gear in the fourth quarter.
February 1, 2019
Momentum in the Dutch manufacturing sector softened at the start of the new year as the manufacturing Purchasing Managers’ Index (PMI) produced by NEVI and IHS Markit dropped to 55.1 in January from 57.2 in December.
January 30, 2019
Sentiment among Dutch producers moderated markedly from 7.5 in December to 5.8 in January, chiefly on the back of less optimism regarding expected business activity.
January 22, 2019
The new year started on a sour note, with consumer confidence freefalling from 9 in December to 1 in January.
January 2, 2019
In December, the manufacturing Purchasing Managers’ Index (PMI), produced by NEVI and IHS Markit, rose to a three-month high of 57.2 from 56.1 in November.