Netherlands Economic Outlook
November 20, 2018Economic growth moderated significantly in the third quarter, expanding at the softest rate since the second quarter of 2016 to match the Eurozone’s anemic average. Weaker expansions in both domestic and external demand led the deceleration, although private consumption and goods exports buttressed the economy in the quarter. Household expenditure picked up pace and offset flat growth in government consumption and a contraction in fixed investment. Similarly, resilient growth in goods exports cancelled out a marked contraction in services exports and contributed positively to economic growth despite accelerating import growth and lingering global trade tensions. Looking at the final quarter, consumer confidence edged down in October but remained elevated. This, coupled with low unemployment levels, bodes well for the continuation of healthy household expenditure growth. In addition, business confidence was largely unchanged in the same month and operating conditions in the manufacturing sector improved at a robust pace, although remained at a near two-year low.
Netherlands Economic GrowthEconomic growth is expected to moderate next year as domestic demand eases. Exports, fixed investment and private consumption benefiting from a tight labor market should nonetheless underpin healthy growth. Uncertainty regarding the future trade relationship with the United Kingdom remains a downside risk as is a possible increase in tensions between the EU and the United States. Met the why particular Consensus Forecasts panelists predict 2.1% growth for 2019, which is unchanged from last month’s forecast, and 1.7% for 2020.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.11||5.70 %||Dec 11|
|Exchange Rate||1.13||0.65 %||Dec 11|
|Stock Market||501||-0.57 %||Dec 11|
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Netherlands Economic News
December 3, 2018
The manufacturing Purchasing Managers’ Index (PMI), produced by NEVI and IHS Markit, dropped from 57.1 in October to 56.1 in November.
November 29, 2018
Business confidence among manufacturers increased from 5.9 in October to 7.2 in November, moving further above the crucial zero-point mark that separates optimism from pessimism.
November 21, 2018
Consumer sentiment slipped again in November for the fourth consecutive month, dropping from 15 in October to 13.
November 1, 2018
The manufacturing Purchasing Managers’ Index (PMI), produced by NEVI and IHS Markit, moderated from 59.8 in September to 57.1 in October.
October 30, 2018
Business confidence in the manufacturing sector edged up for the first time in five months in October, with the headline figure increasing to 5.9 from 5.7 in September.