Economy grows by 0.5 percent – DeOndernemer.nl

Economy grows by 0.5 percent – DeOndernemer.nl

         By: The Entrepreneur Deventer
         
         Published: Today 07:52
Update: Today 07:53
     

The Dutch economy grew by 0.5 percent in the second quarter of this year compared to the first quarter of this year. According to a first estimate by the Central Bureau of Statistics (CBS) published Thursday.

Comments politics
Compared with the second quarter of last year, the growth rate 0.9 percent. The growth, which was in line with economists’ expectations, according to the statistical office mainly due to exports. “The export of natural gas and oil products was lower, but this was more than offset by the sharp increase in exports of basic metals and metal products, machinery and equipment. Furthermore argued Netherlands considerably more agricultural products’, says CBS.

Investments
In addition, higher investments contributed to the expansion. Household consumption was equal to that of a year earlier, while government consumption was slightly higher. According to the researchers gave consumers more out in the hospitality industry. Also on durable goods such as clothing, electronics, appliances and cars became more devoted. Businesses spent more on machinery and computers.

Shrink
With the growth rate is the Netherlands remained in recession. During the first quarter of this year, the economy is. shrank But that figure, the CBS revised to a minus of 0.4 percent. Previously reported CBS an economic contraction of 0.6 percent. Under the current definition, there is recession in two or more consecutive quarters of contraction.

One factors
The decline in the first three months of the year was mainly attributable by one-off factors. Thus, the gas consumption had declined sharply due to the very mild winter and fewer cars were sold because sales were brought forward for tax reasons.