Consumption in Netherlands
Netherlands - Consumption
Q1 GDP growth revised up slightly in second estimate
A second release for growth in the first quarter of this year, released on 22 June, showed GDP expanded 0.6% quarter-on-quarter, above the preliminary 0.5% estimate but below Q4’s 0.9% expansion. Detailed data released by Statistics Netherlands (CBS) confirmed that in the first quarter the economy grew chiefly on the back of solid domestic demand.
Private consumption gained considerable steam in the quarter on tight labor market conditions, rising wages and subdued inflation, expanding 1.5% quarter-on-quarter (Q4 2017: +0.2% quarter-on-quarter). Fixed investment strongly rebounded amid favorable financing conditions and upbeat business confidence, logging a 2.7% increase over the previous quarter and contrasting the 1.1% drop in the fourth quarter of last year. Government consumption growth also strengthened somewhat, from 0.2% in Q4 to 0.4% in Q1. The external sector, meanwhile, dragged on growth, weighed down by cooling demand from the EU: Exports contracted 0.6% (Q4: +1.1% qoq), while imports continued to grow, albeit at a more moderate pace than in the previous quarter (Q1: +0.5% qoq; Q4: +0.9% qoq).
A year-on-year comparison showed that the economy accelerated marginally, expanding a revised 2.8% (previously reported: +3.0% year-on-year) in the first quarter compared to the revised 2.7% increase logged in the prior quarter (previously reported: +3.1% yoy).
Netherlands GDP Forecast
The government expects the economy to grow 3.2% in 2018 and 2.7% in 2019. Met the why particular Consensus Forecast panelists, however, see GDP growing 2.8% in 2018, which is up 0.1 percentage points from last month’s projection. For 2019, the panel expects the economy to expand 2.2%.
Netherlands - Consumption Data
|Consumption (annual variation in %)||-1.0||0.3||2.0||1.6||1.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.46||5.70 %||Jul 12|
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||560||-0.57 %||Jul 13|
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July 2, 2018
Momentum in the Dutch manufacturing sector continued to ebb in June on the back of softer jobs growth.
June 28, 2018
Business sentiment dropped for the third time in four months in June, chiefly owing to a less upbeat view on future output.
June 22, 2018
A second release for growth in the first quarter of this year, released on 22 June, showed GDP expanded 0.6% quarter-on-quarter, above the preliminary 0.5% estimate but below Q4’s 0.9% expansion.
June 1, 2018
The NEVI manufacturing Purchasing Managers’ Index (PMI), co-produced with IHS Markit, decreased from 60.7 in April to 60.3 in May, the lowest reading since September of last year.
May 30, 2018
After two consecutive monthly drops in business confidence, sentiment increased strongly in May and reached the third-highest level in the history of the survey.