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
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|Bond Yield||0.31||5.70 %||Jan 29|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||518||-0.57 %||Jan 30|
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Netherlands Economic News
April 1, 2019
The Dutch manufacturing sector continued to lose steam at the close of the first quarter, as operating conditions expand at a 33-month low with the manufacturing Purchasing Managers’ Index (PMI) dropping to 52.5 in March from 52.7 in February.
March 28, 2019
In March, business confidence inched down to 6.1 from 6.3 in March.
March 26, 2019
A second reading of national accounts data confirmed that the Dutch economy accelerated in the final quarter of last year, growing 0.5% quarter-on-quarter (Q3: +0.2% quarter-on-quarter; previously reported: +0.1% qoq).
March 21, 2019
Sentiment among Dutch consumers dropped further in March, with the consumer confidence index falling to minus 4 from minus 2 in the prior month.
March 1, 2019
Momentum in the Dutch manufacturing sector continued to lose steam in February, with the manufacturing Purchasing Managers’ Index (PMI) dropping from 55.1 in January to an over-two-year low of 52.7.