Dutch economic growth was 1.6 percent in the second quarter of 2011 compared with the second quarter last year. This second estimate of economic growth is 0.1 of a percent point higher than the first estimate published on 16 August. Production in the manufacturing industry, construction sector and financial institutions has been adjusted slightly upwards, that of transport companies slightly downwards. On the expenditure side investment has been adjusted upwards. Consumption by households has decreased, while it was previously estimated to have remained stable. Compared with the first estimate the trade surplus was smaller for goods and larger for services.
Quarter-on-quarter growth 0.2 percent
Compared with the previous quarter, Dutch economic growth was 0.2 percent in the second quarter, after adjustment for working day and seasonal effects. This quarter-on-quarter growth rate is 0.1 of a percent point higher than in the first estimate.
StatLine, economic growth