Dutch Q3 GDP Growth Confirmed at 0.4%
The Dutch economy advanced 0.4 percent on quarter in the third three months of 2017, following a 1.5 percent expansion in the previous period and matching the preliminary estimate. It was the weakest growth rate since the second quarter 2016, as exports and private consumption growth slowed. Meantime, investment rose faster and government spending stalled.
Household spending increased at a slower 0.6 percent (0.9 percent in the previous period) while government consumption stalled (0.7 percent in Q2). Export also rose less (1.9 percent compared to 2 percent) and imports increased more (2.1 percent compared to 1.4 percent).
Meantime, investment growth accelerated (2.4 percent compared to 1 percent), mainly due to a rebound in public investment (16.9 percent compared to -1.1 percent). Investment from companies and households fell (-0.4 percent compared to 1.4 percent).
Year-on-year, the economy advanced at a slower 3 percent (3.3 percent in the previous period). Public expenditure rose slightly less (1 percent compared to 1.1 percent) while household spending rose similar with as in Q2 (2.4 percent). Investment jumped 7 percent, following a 4.2 percent rise in the previous period as public one rebounded (18 percent compared to -8.1 percent) while private one rose slower (4.4 percent compared to 6.7 percent). Exports surged 6.4 percent (4.6 percent in Q2) and imports went up 6 percent (3.8 percent in Q2).
12/22/2017 6:15:44 AM