The Dutch economy advanced 0.6 percent on quarter in the second quarter of 2016, following to an upwardly revised 0.6 percent expansion in the previous period and above market expectations of 0.5 percent, flash estimates showed.
The economy posted its ninth consecutive quarter of growth, as gross fixed capital formation expanded by 2.5 percent (+1.3 percent in Q1), government spending rose by 0.5 percent (+0.7 percent in Q1) and household consumption went up 0.2 percent (+0.5 percent in Q1). Meantime, exports of goods and services showed no growth (+1.0 percent in Q1) while imports contracted 0.2 percent (+0.6 percent).
Year-on-year, the economy advanced Dutch economy advanced 2.3 percent, following 1.5 percent growth in the previous period and well above market expectations of 1.2 percent. While government spending (+0.9 percent from +0.4 percent in Q1) expanded at a faster pace and government investment rebounded (+4.6 percent from -3.1 percent in Q1), private consumption (+1.2 percent from +1.3 percent in Q1) and business investment (+8.3 percent from +10.0 percent in Q1) slowed. Exports rose 4.0 percent (+4.8 percent in Q1) and imports increased 4.2 percent (+6.6 percent in Q1).
8/12/2016 9:41:30 AM