Second estimate: economic growth 0.6 percent in first quarter 2010

24/06/2010 09:30

Dutch year-on-year economic growth was 0.6 percent in the first quarter of 2010. This second estimate is 0.5 of a percent point higher than the first estimate published on 12 May. On the production side of the economy, the growth in mineral extraction, financial institutions and government sector was higher than first estimated. Production by the construction industry was also adjusted upwards, so that the substantial decrease in this sector was smaller than previously estimated. On the expenditure side, the decrease in investment spending was slightly smaller than in the first estimate. The trade balance was adjusted upwards. 

Quarter-on-quarter growth 0.3 percent

After adjustment for working day and seasonal effects, the Dutch economy grew by 0.3 percent in the first quarter compared with the previous quarter. This quarter-on-quarter growth is 0.1 of a percent point up on the first estimate.

Annual figures

Alongside the revised figures for the first quarter of 2010, the definite figure for 2007, revised provisional estimate for 2008 and the provisional estimate for 2009 have also been released. Economic growth in 2007 has been adjusted 0.3 of a percent point upwards, from 3.6 percent to 3.9 percent. Growth in 2008 was adjusted downwards by 0.1 of a percent point, from 2.0 percent to 1.9 percent. The negative growth in 2009 was corrected by 0.1 of a percent point, from -4.0 percent to -3.9 percent.

Source: StatLine, Economic growth