Second estimate second quarter 2010: economic growth 2.2 percent

23/09/2010 09:30

Dutch economic growth was 2.2 percent in the second quarter of 2010 compared with the same quarter last year. This second estimate of economic growth is 0.1 of a percent point higher than the first estimate published on 13 August.

On the production side of the economy, the growth in the temp agency branch, in particular, was higher. Production by the manufacturing industry, government and construction have also been adjusted upwards, while that of transport was adjusted downwards. As a result of these corrections, the substantial fall in construction diminished somewhat.

On the expenditure side, the decrease in investment is slightly smaller, while the increase in consumer spending by households is also smaller than first estimated. Compared with the first estimate, the trade balance for goods is down, that for services is up.

Quarter-on-quarter growth 1.0 percent

After adjustment for seasonal and working day effects, the Dutch economy grew by 1.0 percent in the second quarter compared with the first quarter. This quarter-on-quarter growth is 0.1 of a percent point higher than in the first estimate.

StatLine, economic growth