Economy grows by 0.1 percent

14/11/2013 09:30

Taking into account the working-day pattern and seasonal effects, the Dutch economy grew 0.1 percent in the third quarter of 2013 compared to the second quarter. The volume of gross domestic product in the second quarter was approximately the same as in the first quarter.

Gross domestic product, in billion euro at  2005 prices

Gross domestic product, in billion euro at  2005 prices

The Dutch economy shrank by 0.6 percent in the third quarter relative to the same period one year previously. The third quarter of 2013 had one working day extra, but, even without this effect, the contraction was much smaller than in previous quarters.

Fixed capital formation fell by 3.0 percent relative to the third quarter of 2012. Household spending decreased by 2.3 percent. Government consumption declined by 1.2 percent. The volume of exports of goods and services was 2.1 percent up on twelve months previously. The volume of imports remained stable.

Output realised by producers of goods was 0.2 percent higher than twelve months previously. Due to an increased demand from abroad, output realised by mineral extraction was 7.1 percent higher. Manufacturing output was up by 0.2 percent. The output by construction, on the other hand, contracted by 2.6 percent. Production generated by providers of commercial services fell by 0.6 percent, whereas production in the non-commercial services sector grew by 0.3 percent relative to the third quarter of 2012.

Disposable for final expenditure and final expenditure (volume)

Disposable for final expenditure and final expenditure (volume)

More figures can be found in dossier Business cycle.

For more information on economic indicators, the reader is referred to the Economic Monitor.