ING Economic Bureau

Bag of Sinterklaas gifts 2.6 percent more expensive this year

Nov 15 '19 16:00

The bag of gifts Sinterklaas brings to your door will cost the holy man 2.6 percent more this year than it did last year, according to calculations by ING Economic Bureau. The price of most traditional Sinterklaas gifts increased over the past year, at least partly due to the increase in the low VAT rate, NU.nl reports.

Sweets and chocolate letters are 3.3 percent and 5 percent more expensive respectively. Toys saw a price increase of 1.5 percent. Books and fragrances now cost 3.3 percent more. The only cheaper gift is jewelry, 1.2 percent cheaper than last year.

Dutch use 26 billion plastic food packages per year

Oct 10 '19 07:38

Business Food

People in the Netherlands use 26 billion pieces of plastic food packaging per year - 1,500 pieces of plastic per Dutch person per year, or four per day, according to a study by ING Economic Bureau. And plastic consumption continues to grow along with the population, increasing by around 100 million pieces of packaging every year, NOS reports.

Dutch bank ING: European car market completely electric by 2035

Jul 13 '17 12:40

Business Nature

Dutch bank ING expects that electric driving in Europe will only increase as the main obstacles for switching to electric cars continue to decrease. By 2035 only electric cars will be sold in Europe, according to the bank, RTL Nieuws reports.

A study by the bank showed three main reasons that consumers aren't immediately switching from petrol and diesel cars to electric cars. 40 percent found it too expensive, 28 percent say they can't drive far enough on a fully charged battery, and 20 percent said there are no charging poles in their area.

Dutch economy to grow less than expected in 2017: ING economists

Jan 6 '17 09:53

Business

The Dutch economy will show solid growth again this year, though it will be weaker than in 2016, ING's Economic Bureau predicts in estimates published on Friday. The bank expects 1.6 percent growth this year, compared to 2.2 percent last year, ANP reports.

The lower growth can partly be attributed to the housing market downshifting compared to the buoyant growth in the past few years. Turbulent world trade is also expected to lower exports this year.

Fewer bankruptcies expected next year; Retail set to rebound

Dec 28 '16 10:05

Business

Economists at ING expect fewer bankruptcies next year. According to a report published by the ING Economic Bureau on Tuesday, the number of businesses filing for bankruptcy is expected to decrease by 10 percent in 2017 compared to 2016. The Dutch retail sector also seems to be reviving.

Many Dutch farmers live for years in poverty

Oct 6 '16 10:02

Business Nature

Nearly half of Dutch poultry farmers have been living below the poverty for an average of 15 years, according to an ING report on the state of Dutch agriculture. Half of chicken farmers and 45 percent of pig farmers lived on less than 22,300 a year between 2001 and 2015

ING bank: Brexit will stunt Dutch economic growth

Jun 29 '16 11:10

Business

The United Kingdom's decision to leave the European Union will likely do "substantial damage" to the growth of the Dutch economy, ING Economic Bureau said on Tuesday. The bank lowered its economic growth forecast for 2016 from 2.1 percent to 1.8 percent and for next year from 1.9 percent to 1.3 percent

Dutch spend holiday pay on holidays again

May 18 '16 14:11

Business

Many Netherlands residents will receive their holiday pay next week. And the majority of them will actually spend it, instead of saving it or using it to pay debts, according to an ING Economic Bureau survey

Airbnb responsible for skyrocketing Amsterdam housing prices: ING

Apr 25 '16 09:43

Business

Renting out rooms to tourists through Airbnb can at least partly be blamed for the skyrocketing housing prices in Amsterdam and the increasing gap between rich and poor in the city, according to a study done by ING's Economic Bureau

Amsterdam home prices jump 18 pct. in two years

Oct 29 '15 15:50

Business

Prices of homes in the capital, Amsterdam, have risen by 18 percent in the past two years. Amsterdam is also the only one of large cities in the Netherlands to be above pre-crisis level in the number of homes sold - in the first three quarters of this year 18 percent more houses were sold than in the same period in 2017

Theme parks getting more expensive

Jul 10 '15 14:49

Entertainment

Entree fees at amusements parks have increased significantly over the past five years. The average price of a ticket is now 35 euros, compared to 30 euros in 2010 - an increase of 17 percent.

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