The Dutch economy expanded 0.5 percent on quarter in the three months to December 2018, accelerating from a downwardly revised 0.1 percent growth in the previous period and matching market expectations, a preliminary estimate showed. Household consumption and fixed investment rebounded while a negative contribution was made by inventory changes.
Household consumption rose 0.5 percent in the fourth quarter (vs no growth in Q3) and government spending advanced 0.5 percent (vs no growth in Q3). In addition, fixed investment rebounded sharply (0.7 percent vs -0.1 percent). Net external demand also contributed positively to the GDP growth as exports fell 1.3 percent (vs 1.1 percent in Q3) and imports declined at a faster 2.1 percent (vs 1.2 percent in Q3). By contrast, inventory changes subtracted 0.3 percentage points to growth.
Year-on-year, the economy grew 2 percent, easing from a 2.4 percent expansion in the previous period. Private consumption growth accelerated to 2 percent from 1.8 percent and fixed invesment advanced at a faster 3.7 percent (vs 3.3 percent in Q3). In addition, net foreign demand contributed positively to GDP growth as exports rose 1.3 percent (vs 3.4 percent in Q3) and imports at a softer 0.3 percent (vs 3.5 percent in Q3).
Considering 2018 full year, GDP rose 2.5 percent, following a 2.9 percent increase in 2017.
2/14/2019 1:12:13 PM