Dutch GDP Growth Slows to 0.4% in Q3

The Dutch economy expanded 0.4 percent on quarter in the three months to September of 2017, well below a 1.5 percent growth in the previous period which was the highest in nearly 10 years. There were smaller positive contributions from household consumption, and net trade as exports rose less and imports grew more. In contrast, investment growth was strong.

Household consumption grew only 0.6 percent (0.9 percent in Q2) while government spending stalled (0.7 percent in Q2). Exports also rose less (1.7 percent comapred to 2 percent) and imports advanced more (1.7 percent compared to 1.3 percent).

On the other hand, investment growth accelerated (2 percent compared to 0.9 percent), mainly due to a rebound in public investment (4.8 percent compared to -3.6 percent). Investment from companies and households rose less (1.5 percent compared to 1.8 percent). 

Year-on-year, the economy advanced at a slower 3 percent (3.3 percent in the previous period). Public expenditure went up slightly less (1 percent compared to 1.1 percent) while household spending rose slightly more (2.5 percent compared to 2.4 percent), mainly due to electrical appliances, clothing and services such as catering and recreation. Investment jumped 6.2 percent, following a 4.2 percent rise in the previous period as private one rose faster (7.8 percent compared to 6.7 percent) and public one fell less (-0.7 percent compared to -8.1 percent). Exports jumped 6 percent (4.6 percent in Q2) and imports increased 5.4 percent (3.8 percent in Q2). 

Dutch GDP Growth Slows to 0.4% in Q3

Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2017 11:57:45 AM