Dutch GDP Growth Revised Down

The Dutch economy expanded 0.1 percent in the third quarter of 2014, down from a preliminary estimate of 0.2 percent, as fixed asset investment grew less than anticipated.

Final figures confirmed the economy slowed from a 0.6 percent increase in the second quarter. In the three months to September, growth was mainly driven by exports (up 1.2 percent) while imports rose 1.9 percent. Household consumption increased 0.1 percent and government spending was flat. Gross fixed capital formation grew 1.4 percent .

Year-on-year, the economy advanced 1 percent, down from a preliminary estimate of 1.1 percent. Private consumption grew 0.6 percent and government spending increased 0.2 percent, unchanged from the preliminary figures while public investment rose at a faster 1 percent (0.6 percent in the flash estimate).

In contrast, business investment increased less than expected (2.2 percent compared with a preliminary 2.8 percent). Exports grew at a slower 4.4 percent and imports expanded 4.6  percent (down from 4.5 percent and 4.8 percent  in the previous estimate).

Dutch GDP Growth Revised Down

Joana Taborda | joana.taborda@tradingeconomics.com
12/24/2014 9:17:08 AM