Dutch Q2 GDP Growth Confirmed at 1.5%


The Dutch economy advanced 1.5 percent on quarter in the second three months of 2017, following a 0.6 percent expansion in the previous period and matching the preliminary estimate. It was the strongest growth rate since the last quarter of 2007, mainly driven by higher household consumption and exports while government spending rebounded.

Household spending increased at a faster 0.8 percent (0.2 percent in the previous period) and government consumption rebounded (0.8 percent compared to -0.1 percent in the previous period) while gross fixed capital formation slowed (0.8 percent compared to 4.5 percent). Exports went up 1.8 percent (1.6 percent in the previous period) and imports rose 1.2 percent (2 percent in the previous period).
 
Year-on-year, the economy expanded 3.3 percent in the second quarter of the year, above 3.2 percent in the previous period. It was also the highest expansion since the last quarter of 2007. Household spending increased faster (2.4 percent compared to 1.7 percent in the previous period). On the other hand,  government consumption grew by 1.1 percent, the same pace as in the previous period, while investment went up slower (4.2 percent compared to 6.6 percent). Exports rose 4.6 percent (5.5 percent in the previous period. While  imports went up at a slower 3.8 percent (5.3 percent in the previous period).
 
 
 
 
 
 

Dutch Q2 GDP Growth Confirmed at 1.5%


Statistics Netherlands l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/11/2017 5:45:59 AM