Economic growth 0.1 percent in third quarter of 2015

24/12/2015 15:00

According to the second estimate on economic growth conducted by Statistics Netherlands (CBS), economic growth in the Netherlands was 0.1 percent in the third quarter of 2015 relative to the second quarter. The growth rate remains unchanged. According to the first estimate, published on 13 November, the growth rate was also 0.1 percent. The picture of the economy also remains unchanged. Exports, investments and consumption all made a positive contribution to economic growth.

First estimate

The first estimate - 45 days after the end of each quarter - is based upon information available at that moment. Subsequently, more new information about the state of the Dutch economy is continually pouring in. In absolute terms, the adjustment of the second estimate relative to the first estimate averaged 0.1 percentage points over the past half decade, with the two extremes ranging between     - 0.3 and + 0.4 percentage points.

No adjustments in the previous quarters

With each new estimate, CBS also recalculates the seasonally adjusted series of previously published quarters. The growth rates for the preceding quarters have not changed compared to results published earlier.

Growth relative to Q3 2014

The Dutch economy grew 1.9 percent in the third quarter. According to the first estimate, the growth rate was also 1.9 percent.
35 thousand new jobs.

The second estimate shows that the number of employee and self-employed jobs increased by 35 thousand in the third quarter of 2015 compared to the second quarter of 2015. In the first estimate the increase was 33 thousand. Employment figures have been adjusted on the basis of additional information.

According to the second estimate, the number of employee and self-employed jobs rose by 139 thousand in the third quarter of 2015 relative to the same quarter in 2014. According to the first estimate, the growth figure was 138 thousand.