Dutch Economy Berely Grows in Q2

The Dutch GDP advanced 0.1 percent in the second quarter of 2015, down from a 0.6 percent expansion in the previous period and missing market expectations of a 0.2 percent growth.

Still, it was the fifth straight quarter of expansion as growth in investment, consumption and net exports offset a sharp fall in natural gas extraction.

Year-on-year, the economy advanced 1.6 percent, down from 2.5 percent in the first three months of 2015. Business investment posted the largest gain (13.3 percent from 10.6 percent in the previous period), as people invested more in houses and transport, mainly trucks and trailers. Exports rose 3.6 percent from 4.8 percent in the first quarter, boosted by sales of oil products, natural gas, transport equipment and machinery. Meanwhile, government investment and spending remained unchanged in the second quarter from 2 percent drop. Private consumption rose at a slower 1.4 percent from 1.7 percent in the last quarter of 2014, while imports expanded to 4.4 percent from 2.9 percent.

CBS | Yekaterina Guchshina | yekaterina@gmail.com
8/14/2015 11:07:48 AM