Dutch GDP Growth Revised Up Slightly To 0.6% In Q4
The Dutch economy expanded 0.6 percent on quarter in the December quarter of 2016, faster than preliminary estimates of a 0.5 percent growth but slower than a 0.8 percent expansion in the third quarter, final figures showed. It was the 11th straight quarter of growth, as a rebound in government spending and positive contribution from net trade offset a slowdown in private consumption and a decline in investment.
In the fourth quarter, private consumption increased by 0.7 percent, slowing from a 1.0 percent rise in the prior quarter. Government spending rebounded 0.6 percent, after declining 0.1 percent in the September quarter. Net trade contributed positively to the GDP growth. Exports grew by 0.9 percent (from 1.0 percent) and imports went up 0.4 percent (from 0.9 percent). In contrast, gross fixed capital formation contracted by 2.5 percent (after remaining unchanged in Q3). Changes in inventories added 0.2 percentage points to the GDP growth.
Year-on-year, gross domestic product advanced 2.5 percent, faster than preliminary estimates of 2.3 percent growth but the same pace as an upwardly revised figure in the prior quarter. Private consumption rose 2.6 percent (from 1.9 percent in Q3). Government spending also increased by 1.5 percent (from 0.7 percent). Exports of good and services went up 2.5 percent (from 2.8 percent). Imports rose 1.3 percent, slowing from a 3.1 percent rise in Q3. In contrast, gross fixed capital formation contracted by 1.0 percent (after a 7.2 percent rise in the preceding quarter).
Considering full 2016, the economy grew by 2.2 percent, faster than a 2.0 percent expansion in 2015, mainly driven by private consumption and fixed investment.
3/24/2017 8:14:29 AM