Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Business
business confidence
consumer confidence
dutch economy
economic growth
economic recovery
economy
exports
imports
Statistics Netherlands
Friday, May 13, 2016 - 14:45
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Dutch economy continues steady recovery

The Dutch economy continued its steady growth for the 8th quarter in a row. In the first quarter of 2016 the economy grew 0.5 percent compared to the previous quarter and 1.4 percent compared to the first quarter of last year, according to Statistics Netherlands' preliminary calculations. The first quarter's economic growth was broadly supported with consumption, investment and exports all making a positive contribution. The decrease in natural gas extraction had a negative effect on the growth, as it did in previous quarters. Investments in vehicles and homes grew substantially in the first quarter. Companies spent significantly more on trucks, trailers, and other forms on transports. Companies also spent more on computers and software than a year ago. According to to Statistics Netherlands, this is in line with the positive business confidence, which reached the highest point in four and a half years during this quarter. Exports grew the same amount in the first quarter of 2016 than in the last quarter of 2015. Dutch companies exported significantly more transport means than a year earlier. While export of gas, machinery  and equipment shrank. Consumers also spent more in the first quarter than in the same period last year. They spent more on services such as restaurants and hairdressers as well as on products including electrical appliances, food and home decor. Consumer confidence has been almost continuously positive since February 2015.

Follow us:

Latest stories

  • Boxtel cop fines unlicensed driver, aged 18 months
  • Death threats against Rotterdam mayor on Feyenoord banners
  • Dutch police lacks long-term vision: Inspectorate
  • Ajax to get €24.5 mil. for Ryan Gravenberch's transfer to Bayern Munich
  • Three hurt, including one child, in theme park ride accident
  • Labour leader supports merger with GroenLinks in Senate

Top stories

  • Three hurt, including one child, in theme park ride accident
  • More female managers, but wage gap remains
  • Only male aldlermen in 46 Dutch municipalities
  • More reformed schools denouncing homosexuality despite uproar
  • Defense refused to help manage crowds at Schiphol, CEO says
  • KLM stops ticket sales on Amsterdam flights; Schiphol unveils crowd management plan

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content