Netherlands Economic Outlook
September 25, 2018Economic activity is likely to have maintained a robust pace in the third quarter, although it is expected to have moderated slightly from the previous quarter. Growth in industrial production and retail sales softened at the start of Q3, with industrial output growth easing to an over one-year low. In addition, business sentiment slipped in August on less rosy views on future output and order books. On a more positive note, the manufacturing PMI rose in August for the first time in six months on sharper rises in output and new orders. Moreover, the unemployment rate remained close to a near-decade low in August, while consumer confidence remained elevated at the close of the third quarter. In the political arena, on 18 September the government presented a mildly expansionary budget for next year, which should help maintain robust growth and still predicts a notable fiscal surplus.
Netherlands Economic GrowthGrowth is expected to moderate somewhat in the second half of this year and next year. Robust domestic demand should drive momentum, underpinned by private consumption thanks to low unemployment levels. Meanwhile, favorable business conditions should support fixed investment growth. On the other hand, a hard Brexit poses a significant downside risk to the external sector while a possible flare-up in tensions between the EU and the U.S. would further drag on the economy. Met the why particular Consensus Forecasts panelists predict 2.7% growth for 2018 and 2.1% for 2019, which is unchanged from last month’s forecast.
Netherlands Economy Data
5 years of Netherlands economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.58||5.70 %||Oct 17|
|Exchange Rate||1.15||0.65 %||Oct 18|
|Stock Market||524||-0.57 %||Oct 18|
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Netherlands Economic News
October 19, 2018
At the start of the final quarter of the year, consumer confidence moderated on the back of a broad-based deterioration in underlying sentiment indicators.
October 1, 2018
The Dutch manufacturing sector finished the third quarter on a strong footing, with the headline manufacturing Purchasing Managers’ Index (PMI) increasing from 59.1 in August to 59.8 in September, marking a three-month high.
September 27, 2018
Sentiment in the manufacturing industry eased for the fourth consecutive month in September, with business confidence dropping to 5.7 from 5.9 in August.
September 26, 2018
Against the background of a booming economy, the government presented a slightly expansionary 2019 budget on the third Tuesday of September.
September 21, 2018
A second GDP estimate for the second quarter of this year, released on 21 September, showed that the economy expanded 0.8% quarter-on-quarter.