Dutch Economy Exits Recession Expanding 0.1% QoQ in Q3

In the third quarter of 2013, Netherlands' GDP grew 0.1 percent quarter-on-quarter, the first quarterly expansion since Q2 of 2012. Increasing exports and investment were able to offset further deterioration in private consumption.

Overall investment was down 3.0 percent year-on-year, this decline was smaller than in previous quarters resulting in a positive quarterly reading. Investment in machinery and equipment grew slightly, after shrinking in the previous quarters.

Exports of goods and services grew by 2.1 percent in the third quarter. Exports of Dutch products grew by 1.3 percent and re-exports by 2.6 percent.  

Households' consumption fell 2.3 percent compared to a year earlier. As in previous quarters, households spent less on durable goods such as cars, clothing and furniture. Private consumption has been contracting in every quarter since Q1 of 2011.

In Q3, there were less 160 thousand jobs than in Q3 of 2012. It represents a decrease of 2.0 percent and is the biggest job loss since the beginning of the series in 1995.

Dutch Economy Exits Recession Expanding 0.1% QoQ in Q3

CBS | Nuno Fontes | nuno@tradingeconomics.com
11/14/2013 8:55:03 AM