Dutch GDP Growth Revised Up to 0.8% in Q3

The Dutch economy expanded 0.8 percent on quarter in the third quarter of 2016, slightly faster than a 0.7 percent growth in a preliminary figure as well as in the previous two quarters, final figure showed.

In the September quarter, the economy posted its eleventh straight quarter of growth and the strongest since the fourth quarter 2014. Household consumption grew by 0.9 percent (from +0.3 percent in Q2) while net trade contributed positively (exports rose 1 percent, compared to +0.2 percent in Q2 and imports also went up 1 percent, following + 0.1 percent in Q2). Meanwhile,  gross fixed capital formation grew 0.6 percent ( from +1.9 percent in Q2). In contrast, government spending contracted 0.4 percent (from +0.6 percent in Q2).

Year-on-year the economy advanced 2.4 percent, following a 2.3 percent expansion in the previous period. It was the fastest growth since the March quarter 2015. Growth was mainly driven by private consumption (+2.0 percent from +1.1 percent in the preceding quarter) and business investment (+9.2 percent from +9.3 percent). An increase was also seen in government consumption (+0.2 percent from +1.2 percent) and exports (+2.7 percent from +4.0 percent). In contrast, a decline was seen in government investment (-0.7 percent from -3.0 percent).

Statistics Netherlands l Rida Husna | rida@tradingeconomics.com
12/23/2016 9:26:33 AM