Statistics Netherlands announced today that the volume of investment in tangible fixed assets was 6.7 percent higher in May 2015 than in May 2014. The increase was mainly caused by higher investments in residential property. Investments in May grew slightly faster than in the previous month.
Investment figures are not adjusted for calendar effects. May 2015 had two working days less than May 2014.
Investments in residential property, lorries and delivery vans rise further
Just as in previous months, investments in residential property grew noticeably in May. Investments in road transport, e.g. lorries and delivery vans as well as in telecommunications were also up from one year previously.
Investment climate more favourable since May
According to the Statistics Netherlands’ Investment Radar, the investment climate in the Netherlands has improved in June and July relative to May. By means of six indicators, the Investment Radar shows whether the investment climate has become more or less favourable. The slight improvement in July compared to June is due to the more substantial growth of exports on an annual basis. However, the development of the Dutch year-on-year share prices was less favourable than in the previous month.
For more information on economic indicators, see the Economic Monitor.