Consumer spending pushed Dutch economic growth in first quarter
2 years, 6 months ago

Consumer spending pushed Dutch economic growth in first quarter

NL Times  

The Dutch economy grew in the first three months of this year compared to the closing quarter of 2021 after all. Compared to the same period last year, the Dutch economy grew by 6.7 percent instead of the previous estimate’s 7 percent. Households also generally had more income in the first quarter of this year compared to a year ago, CBS said. CBS also reported that mortgage debt has increased in the first quarter by over 10 billion euros to more than 795 billion euros.

Growth Dutch End This Year Quarter Cbs Increased First Quarter  consumer  previous  quarter  number  jobs  growth  economic  end  increased  pushed  income  higher  spending  dutch  grew

History of this topic

Dutch economic growth will pick up in coming years, inflation to stay higher than EU
1 week, 4 days ago

Dutch economic growth will pick up in coming years, inflation to stay higher than EU

NL Times  

Economic growth in the Netherlands will pick up in the coming years growing 0.9 percent this year and 1.5 percent each in 2025 and 2026, despite an increasing threat from geopolitical uncertainty. The growth is mainly driven by household consumption and government spending, but the DNB also expects world trade to pick up and exports to contribute more to economic …

Consumer spending and government investments drive Dutch economic growth
2 weeks, 2 days ago

Consumer spending and government investments drive Dutch economic growth

NL Times  

Dutch consumers are expected to increase spending over the next two years, contributing significantly to the country’s economic growth, according to economists at Rabobank. Economists attribute this to an anticipated rise in consumer spending, which accounts for over 40 percent of the economy, and increased government investments in healthcare, defense, and green energy transitions. This growth is fueled by an …

ING expecting a moderate growth of 1.3 percent for the Dutch economy next year
2 weeks, 5 days ago

ING expecting a moderate growth of 1.3 percent for the Dutch economy next year

NL Times  

The Dutch economy will continue to grow at a moderate pace, ING economists expect. ING predicts that the economy will grow by 1.3 percent in 2025 after a weak growth of 0.8 percent this year. Now that the European Central Bank is lowering interest rates to support the economy and the Dutch budget deficit is rising, there appears to be …

Economic growth hits 0.8% in Q3, ahead of eurozone and US
1 month, 1 week ago

Economic growth hits 0.8% in Q3, ahead of eurozone and US

Dutch News  

The Dutch economy grew by an estimated 0.8% in the third quarter of this year when compared with the second, national statistics agency CBS said on Thursday. Economic growth was also up 1.1% in the second quarter, an upward revision of 0.1 percentage point on the earlier estimate. Higher government and consumer spending are behind the increase, chief economist Peter …

Dutch economy grew 0.8 percent in third quarter
1 month, 1 week ago

Dutch economy grew 0.8 percent in third quarter

NL Times  

The Dutch economy grew by 0.8 percent in the third quarter of this year compared to the previous quarter, Statistics Netherlands reported on Thursday based on an initial calculation for the months of July to September. It also adjusted growth in the second quarter slightly higher: instead of 1 percent, the gross domestic product increased by 1.1 percent in that …

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools
6 months, 3 weeks ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times  

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

Poor Dutch economic data last quarter: GDP falls 0.1% as exports slump 6% in March
7 months, 1 week ago

Poor Dutch economic data last quarter: GDP falls 0.1% as exports slump 6% in March

NL Times  

The Dutch economy reversed course during the first three months of the year, with the gross domestic product sliding backward for the fourth time in five quarters. The GDP fell by 0.1 percent from January to March, according to Statistics Netherlands, which released new data on Wednesday that also showed exports fell sharply by 6 percent in March alone. “The …

Dutch hospitality sector struggling; Fewer restaurants, cafes for first time in 8 years
11 months, 2 weeks ago

Dutch hospitality sector struggling; Fewer restaurants, cafes for first time in 8 years

NL Times  

High personnel, energy, and rent costs put a massive damper on the Dutch hospitality sector’s first full year with no lockdowns after the coronavirus pandemic. Hospitality companies made less profit in 2023, and the number of catering establishments fell for the first time in eight years, trade association KHN said, NU.nl reports. Revenues in the sector rose 14 percent last …

Dutch debt level falls amid €3 billion surplus; Recession slightly worse than thought
1 year ago

Dutch debt level falls amid €3 billion surplus; Recession slightly worse than thought

NL Times  

The Dutch government managed to bring down the national debt, while collecting a surplus of 3 billion euros in revenue during the first three quarters of the year. According to the national statistics office, the government achieved a surplus of 3 billion euros in the first three quarters of 2023. Government debt also decreased by almost 14 billion euros to …

Dutch economy to grow slightly this year despite recession: ABN Amro
1 year, 3 months ago

Dutch economy to grow slightly this year despite recession: ABN Amro

NL Times  

ABN Amro expects the Dutch economy to grow slightly by 0.5 percent this year. Rising interest rates due to central bank interest rate increases also have a slowing effect because, for example, it makes borrowing more expensive. In addition, the European Central Bank’s target for inflation of 2 percent remains out of sight, according to ABN Amro. ABN Amro also …

Collective wages increased significantly, but still less than inflation
1 year, 8 months ago

Collective wages increased significantly, but still less than inflation

NL Times  

Wage increases in the collective bargaining agreements reached a new peak in the first quarter of 2023. But based on the currently available figures - January, February, and a first estimate for March - inflation amounted to around 6.6 percent in the first quarter. At 5.0 percent, the collectively bargained-for wage increase was almost twice as high as in the …

No recession, but little growth for Dutch economy this year: ABN Amro
1 year, 9 months ago

No recession, but little growth for Dutch economy this year: ABN Amro

NL Times  

The Dutch economy will not shrink this year, but its growth will slow down, ABN Amro expects. The bank predicts that the economy will grow 1.2 percent this year and 1.3 percent next year. Over the past two years, the Dutch economy grew more than 4 percent per year. The bank expects that consumer prices will rise by 4.4 percent …

Dutch economy grew 4.5% last year; Consumer spending at record high
1 year, 10 months ago

Dutch economy grew 4.5% last year; Consumer spending at record high

NL Times  

The Dutch economy grew 4.5 percent last year, mainly thanks to more household consumption, Statistics Netherlands reported. Last year, 441,000 jobs were added to the job market, and the share of the Dutch population with paid work reached record heights. The added value of the culture, sports, recreation, and other services sector grew 34 percent last year. The Dutch economy …

Netherlands prevents recession with 4th quarter growth of 0.6 percent
1 year, 10 months ago

Netherlands prevents recession with 4th quarter growth of 0.6 percent

NL Times  

The Dutch economy did not end up in a recession as economists feared. After a 0.2 percent contraction in the third quarter, the economy grew by 0.6 percent in the last quarter of 2022, Statistics Netherlands reported based on initial figures on Tuesday. In the entire 2022, the Dutch economy grew by 4.5 percent, mainly thanks to consumer spending and …

Netherlands in a "mild" economic recession: ING economist
2 years, 1 month ago

Netherlands in a "mild" economic recession: ING economist

NL Times  

The Netherlands is in a mild economic recession, according to ING chief economist Marieke Blom. “I think we have passed the tipping point and are in a mild recession,” Blom said to Nieuwsuur. “But in the third quarter, we see that consumer spending is somewhat lower again.” Based on lower amounts spent and the increase in prices, Blom estimates that …

Dutch labor market super tight: 133 vacancies per 100 unemployed
2 years, 7 months ago

Dutch labor market super tight: 133 vacancies per 100 unemployed

NL Times  

The labor market in the Netherlands is still growing tighter. In the first quarter of this year, there were 133 open vacancies per 100 unemployed people, up from 106 per 100 unemployed in the fourth quarter of 2021. The number of vacancies continues to grow as the number of unemployed people continues to fall, Statistics Netherlands reported on Tuesday. The …

Dutch economy grew more than gov't debt in 2021
2 years, 8 months ago

Dutch economy grew more than gov't debt in 2021

NL Times  

Government debt amounted to 52.1 percent of gross domestic product last year, down from 54.3 percent. The Dutch government saw its income increase by 25 billion euros to 337 billion euros last year. People spent more in the second year of the coronavirus crisis than in 2020, which increased the government's VAT revenues by 6 billion euros. Non-tax revenues increased …

Dutch economy saw strongest growth in two decades
2 years, 10 months ago

Dutch economy saw strongest growth in two decades

NL Times  

The Dutch economy grew by 4.8 percent last year - the strongest growth since 1998. The Dutch economy grew slightly in the last quarter of last year, despite the Omicron coronavirus wave and new lockdown measures. According to the stats office, the added value of the hospitality industry was still over 30 percent lower last year than in 2019. And …

Dutch economy will grow by 3.6 percent next year: ING
3 years ago

Dutch economy will grow by 3.6 percent next year: ING

NL Times  

The Dutch economy will grow by 3.6 percent in 2022 according to projections by ING. "This is the main risk in the growth forecasts, especially with the developments of new variants of the virus," said ING economist Marcel Klok. ING is projecting the Dutch economy to grow by more than 4 percent compared to 2019 levels. ING thinks inflation will …

Dutch economy back to pre-Covid level in 3rd quarter
3 years, 1 month ago

Dutch economy back to pre-Covid level in 3rd quarter

NL Times  

The economy grew by 1.9 percent in the third quarter, bringing it to a higher level than before the pandemic for the first time since the outbreak of the coronavirus crisis, Statistics Netherlands reported. With the new increase, the economy has therefore fully recovered from the coronavirus contraction in the first and second quarter of last year. After that, there …

Disposable income rises most in 20 years as Dutch economy posts stronger growth
3 years, 3 months ago

Disposable income rises most in 20 years as Dutch economy posts stronger growth

NL Times  

The Dutch economy grew more in the second quarter than initial figures showed and that is also reflected in household incomes, which saw the strongest growth since the second quarter of 2002, Statistics Netherlands reported In the second quarter of this year, Dutch households' disposable income was 3.1 percent higher than the same quarter last year. The number of jobs …

Dutch economy growing faster than expected; 3.8% growth this year
3 years, 4 months ago

Dutch economy growing faster than expected; 3.8% growth this year

NL Times  

The Dutch economy is growing faster than expected, the Bureau for Economic Policy Analysis said in its draft macro-economic surveys on Friday. The economy is expected to grow 3.8 percent this year, and 3.2 percent next year. The national budget deficit will amount to 5.3 percent this year, and 1.8 percent next year. That is slightly lower than the June …

Second Covid recession over: Dutch economy growing again
3 years, 4 months ago

Second Covid recession over: Dutch economy growing again

NL Times  

After half a year of economic contraction, the Dutch economy grew by 3.1 percent in the second quarter of this year, Statistics Netherlands said on Tuesday based on the currently available figures. The Dutch economy is not back to pre-pandemic levels yet, but with coronavirus lockdown measure relaxing, it seems to be heading that way. Compared to the second quarter …

Dutch economy to recover to pre-pandemic level by end of year says Central Bank
3 years, 6 months ago

Dutch economy to recover to pre-pandemic level by end of year says Central Bank

NL Times  

The Dutch economy has been showing signs of recovery starting from the second quarter of this year after the historic hit to the GDP last year. Recovery is happening so quickly that GDP could eclipse pre-pandemic levels by the end of the year, the Dutch Central Bank estimated in their semi-annual report. The recovery will continue rapidly next year with …

Netherlands enters second recession since start of pandemic
3 years, 7 months ago

Netherlands enters second recession since start of pandemic

NL Times  

The Netherlands has entered its second economic recession in less than a year with preliminary data showing that the gross domestic product shrank by 0.5 percent during the first quarter of 2021. “In the first quarter of 2021, GDP was still 3.4 percent below the level before the outbreak of the coronavirus pandemic,” the CBS stated. GDP for the quarter …

Disposable income in the Netherlands doubled in the past 50 years
3 years, 8 months ago

Disposable income in the Netherlands doubled in the past 50 years

NL Times  

The average net disposable income for Dutch households rose by 112 percent in 2020 compared to 1969, Statistics Netherlands stated. That means that last year the net disposable income per person lay at 21.9 thousand euros. The faster growth of the GDP compared to the net disposable income is due to a stagnation of the net disposable income per household …

Dutch economy shrank by 3.8% last year, worst result since World War II
3 years, 10 months ago

Dutch economy shrank by 3.8% last year, worst result since World War II

Dutch News  

The Dutch economy shrank by 3.8% last year, the biggest contraction since World War II, national statistics agency CBS said on Monday. However, fewer jobs have gone than could have been expected, thanks to government support measures, CBS chief economist Peter Hein van Mulligen told an online press conference. 2021 Last week, the European Commission said the Dutch economy will …

Dutch economy shrank by 3.8% last year, worst result since World War II
3 years, 10 months ago

Dutch economy shrank by 3.8% last year, worst result since World War II

Dutch News  

The Dutch economy shrank by 3.8% last year, the biggest contraction since World War II, national statistics agency CBS said on Monday. However, fewer jobs have gone than could have been expected, thanks to government support measures, CBS chief economist Peter Hein van Mulligen told an online press conference. 2021 Last week, the European Commission said the Dutch economy will …

Dutch economy saw biggest contraction since WWII in 2020
3 years, 10 months ago

Dutch economy saw biggest contraction since WWII in 2020

NL Times  

The Dutch economy shrank by 3.8 percent last year, the largest contraction measured since the Second World War, Statistics Netherlands reported based on the currently available figures on Tuesday. The biggest blow to the economy happened in the second quarter of 2020, when the economy shrank an unprecedented -8.5 percent compared to the previous quarter. The culture, recreation, sports and …

Dutch economy to shrink 4.3% this year, grow 2.6% in 2021: ING
4 years, 1 month ago

Dutch economy to shrink 4.3% this year, grow 2.6% in 2021: ING

NL Times  

After shrinking 4.3 percent this year, the Dutch economy will grow again in 2021, by 2.6 percent, economists at ING expect. The Dutch economy should be back to the size of the last quarter last year by mid-2022. Sectors hit hardest by the pandemic, like hospitality, transport and healthcare, will According to ING, the economic contraction this quarter will be …

Economy bounces back in third quarter with growth nearing 8%
4 years, 1 month ago

Economy bounces back in third quarter with growth nearing 8%

Dutch News  

The Dutch economy grew by 7.7% in the third quarter of this year compared with the previous quarter, the highest quarterly growth ever recorded, national statistics agency CBS said on Friday. The end of the lockdown in the summer boosted third quarter growth, with shops reporting record sales. ‘Money which would normally have been spent on holidays was spent in …

NL jobs increasing again after dramatic fall; Unemployment still rising
4 years, 1 month ago

NL jobs increasing again after dramatic fall; Unemployment still rising

NL Times  

In the third quarter of this year, the number of jobs in the Netherlands increased by a record 164 thousand - after that number plummeted 297 thousand in the second quarter due to the corona crisis. In the third quarter, the Netherlands counted 10,727,000 jobs, 164 thousand more than in the second quarter - an increase of 1.6 percent. The …

Best ever quarterly improvement for Dutch economy; Not enough to make up for pandemic
4 years, 1 month ago

Best ever quarterly improvement for Dutch economy; Not enough to make up for pandemic

NL Times  

After an unprecedented contraction in the second quarter of this year, the Dutch economy showed the best ever improvement in the third quarter, growing by 7.7 percent. While the Dutch economy is performing better than average in the European Union, the growth in July, August and September was not enough to make up for the pandemic-triggered contraction in the first …

Dutch economy to shrink by 5% this year, if no more major Covid-19 restrictions
4 years, 4 months ago

Dutch economy to shrink by 5% this year, if no more major Covid-19 restrictions

Dutch News  

The government’s macro-economic think-tank CPB says the Dutch economy will shrink by 5% in 2020, assuming there are no more large-scale new physical contact restrictions needed to combat coronavirus. Prime minister Mark Rutte said last week that the cabinet is thinking ‘very carefully’ about what a third package of measures should include and finance minister Wopke Hoekstra said that a …

Dutch economy expected to grow again next year, Covid-19 effects to linger
4 years, 4 months ago

Dutch economy expected to grow again next year, Covid-19 effects to linger

NL Times  

The Dutch economy will shrink by 5.1 percent this year, but recovery will start at the end of the year and in 2021 the economy will grow by 3.2 percent, according to central planning office CPB's draft-macroeconomic foresight studies. The effects of the Covid-19 crisis will linger, however, with unemployment rising to 7 percent next year. Household consumption will decrease …

Dutch economy shrinks 8.5% in Q2, as jobless total continues to rise
4 years, 4 months ago

Dutch economy shrinks 8.5% in Q2, as jobless total continues to rise

Dutch News  

The Dutch economy shrank by an ‘unprecedented’ 8.5% in the second quarter of this year, compared with the previous quarter, national statistics agency CBS said on Friday. CBS chief economist Peter Hein van Mulligen described the drop as ‘unprecented’. ‘There has been colossal damage to the economy, with a total contraction of 10% over two quarters,’ he said. In total, …

Recession: Dutch economy shows worst ever contraction
4 years, 4 months ago

Recession: Dutch economy shows worst ever contraction

NL Times  

In the second quarter of this year, the Dutch economy shrank by 8.5 percent compared to the previous quarter and a massive 9.5 percent compared to the second quarter of 2019, Statistics Netherlands reported on Friday based on its first calculations. Households spent 10.4 percent less in the second quarter than in the first, an 11.8 percent less than the …

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