Dutch Economy Expands 0.7% QoQ in Q4

In the fourth quarter of 2013, Netherlands' economy grew 0.7 percent quarter-on-quarter, up from 0.3 percent in Q3. Over the full year, the economy contracted 0.8 percent.

After a modest growth in previous quarters, the recovery of the Dutch economy accelerated. The number of jobs lost fell to 8 thousand. In the third quarter, this decline was of 41 thousand jobs. 

In Q4, investment in fixed assets was 5.3 percent higher than a year earlier, driven by purchases of commercial vehicles. Investment in buildings, machinery and equipment, and computers were also higher. In contrast, investment in housing, land and road engineering works were down from a year earlier.

In 2013, the economy fell by 0.8 percent compared to 2012. Gross fixed capital investment was down by 4.9 percent, household consumption fell by 2.1 percent and consumption by the government contracted 0.7 percent. In 2013 there were 138 thousand fewer jobs than in 2012, the sharpest drop in employment on record.

Dutch Economy Expands 0.7% QoQ in Q4

CBS | Nuno Fontes | nuno@tradingeconomics.com
2/14/2014 9:16:37 AM