Dutch GDP Beats Expectations in Q3

The Dutch economy advanced 0.7 percent on quarter in the third quarter of 2016, at the same pace as in the previous period and above market expectations of 0.4 percent, flash estimates showed.

The economy posted its tenth consecutive quarter of growth, as household consumption expanded 0.7 percent (+0.3 percent in Q2). Also, net trade contributed positively as exports accelerated (1.2 percent compared to 0.2 percent in Q2) at a faster pace than imports (1.1 percent compared to 0.1 percent in Q2). In contrast, gross fixed capital formation grew at a slower 0.5 percent (+1.9 percent in Q2) and government spending contracted 0.1 percent (+0.6 percent in Q2). 

Year-on-year, the economy advanced Dutch economy advanced 2.4 percent, following 2.3 percent growth in the previous period. While private consumption expanded at a faster pace (+1.7 percent from +1.1 percent in Q2); business investment (+6.9 percent from +7 percent in Q2) and government spending (+0.9 percent from +0.4 percent in Q2) slowed slightly. Exports rose 3 percent (+4 percent in Q2) and imports increased 3.1 percent (+4.2 percent in Q2). 

Statistics Netherlands | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/15/2016 10:21:40 AM