Netherlands Economic Outlook
April 30, 2018The strong economic momentum seen last year likely spilled over into 2018, with available data pointing to broad-based growth in the first quarter. Industrial production was robust in the first two months of the year, while strong PMI readings and business sentiment in the first quarter bode well for output figures for March. Retail sales also increased at a solid rate in January–February as private consumption was supported by declining unemployment, which came in below four percent for the first time in nine years in March. Moreover, consumer confidence remained elevated in the first quarter and inched up at the outset of the second quarter. On 25 April, Prime Minister Mark Rutte’s cabinet, which has a precarious one-seat majority, survived a skirmish with the opposition over the government’s intention to abolish the dividend tax against the advice of senior policy advisors.
Netherlands Economic GrowthRobust government expenditure, together with resilient private consumption and fixed investment growth, should drive the economy this year and next. Met the why particular panelists see growth of 2.7% in 2018, down 0.1 percentage points from last month’s forecast, and 2.2% in 2019. Household expenditure this year will likely benefit from the government’s fiscal stimuli plans, record-low unemployment, rising wages and elevated house prices. Higher home prices should improve households’ balance sheet by lowering the number of mortgages that are heavily leveraged. However, downside risks persist due to Brexit-related uncertainty and a strong euro that could cloud the external sector’s outlook, limiting the economy’s growth potential.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.78||5.70 %||May 17|
|Exchange Rate||1.18||0.65 %||May 21|
|Stock Market||570||-0.57 %||May 21|
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Netherlands Economic News
May 23, 2018
In May, sentiment among consumers eased from 25 in April to 23 on the back of a broad-based moderation, as all sub-indicators recorded a lower reading than in the prior month.
May 15, 2018
A preliminary reading of economic growth in the first quarter of 2018 showed that the economy lost some steam, with quarter-on-quarter growth coming in at 0.5%, down slightly from the 0.7% expansion recorded in the prior quarter.
May 1, 2018
The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, decreased from 61.5 in March to 60.7 in April, the lowest reading in six months.
April 27, 2018
In April, business confidence in the Dutch manufacturing sector recorded a second consecutive drop, with sentiment decreasing from 9.5 in March to 8.2—the lowest reading since October 2017.
April 20, 2018
Sentiment among Dutch consumers continued to improve at the outset of the second quarter of this year.