The Dutch economy grew by 0.4 percent in the first quarter compared to the previous quarter. That made the Central Bureau of Statistics (CBS) announced on Wednesday.
This growth was lower than in the last quarter of last year , in which a growth rate of 0.8 percent was measured. Moreover, the growth was weaker than expected. Economists actual average rate on a plus of 0.5 percent
The growth is becoming increasingly broad-based:. Investment, consumption and the balance of exports and imports contributed positively. Compared to the first quarter of 2014, the Dutch economy was 2.4 percent.
negative
The slowdown qoq must according to CBS economist Peter Hein Mulligen not be interpreted negatively. ,, It looks good for the Dutch economy, ” he concluded in an explanation of the figures. ,, The recovery is widespread. ”
Consumers reported last quarter, 1.4 percent more than a year earlier. That is the strongest growth in years. ,, The consumer believes there again and again dares to make large purchases, ” said Van Mulligen.
Last quarter, while furniture and electrical appliances were especially popular. Because of the colder winter became more gas burned by households in the first three months of 2014.
Investment
investments yielded over 7 percent strong growth which mainly helped the recovery in the housing market. Investment in transport increased.
In the financial services and the agricultural sector after all industries produced in the first quarter of 2015 over a year earlier. The strongest growth was achieved in mining and construction. Furthermore, the staffing industry was doing well.
Employment
also the rate at which the Dutch labor market recovers declined in the first quarter. There were, on balance, only about 6,000 jobs at, against 40,000 in the last quarter of 2014. That made the Central Bureau of Statistics (CBS) announced on Wednesday.
Last quarter were 635,000 people out of work , representing 7.1 percent of the workforce. There were 2,000 fewer than in the previous period. Young people in particular felt more work. The number of people a year or more is increased along the sideline, especially among people over 45.
Camp
Minister Henk Kamp (Economic Affairs) is pleased to continue the economic growth in the Netherlands. The ,, good numbers ” of the Central Bureau of Statistics (CBS) has according to him, also show that companies have again confidence and courage to invest.
,, That is a very positive signal, because it is the entrepreneurs where growth will come from, ” he said Wednesday in response to recent figures released by Statistics Netherlands.
,, The government wants to give more space to entrepreneurs by reducing burdens, the Addressing unnecessary rules and improve lending. Thus we ensure jointly that the economy can grow now. ”
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