Growth rate investments lower again in November

Statistics Netherlands (CBS) reports that the volume of investments in tangible fixed assets grew by 0.8 percent in November 2016 relative to the same month last year. The year-on-year growth is somewhat smaller than in the preceding month. Investments in residential property again showed strong growth in November. Investments in passenger cars and aircraft declined noticeably.

Investment data have not been adjusted for calendar effects. November 2016 has one working day more than November 2015. According to the CBS Investment Radar, the investment climate in the Netherlands is more favourable in January than in November.

Investments in tangible fixed assets (volume)
Investments in tangible fixed assets (volume)
 % change
2012 D-10.8
2013 J-13.1
2013 F-14.9
2013 M-12.3
2013 A-8.6
2013 M-10
2013 J-13.2
2013 J-4.3
2013 A-4.7
2013 S-3.7
2013 O2.2
2013 N0.4
2013 D13.5
2014 J2.5
2014 F8.2
2014 M-0.9
2014 A4.4
2014 M-2.7
2014 J-4
2014 J4.2
2014 A-6.3
2014 S0.8
2014 O9
2014 N1.9
2014 D-0.5
2015 J8.5
2015 F6.5
2015 M17.7
2015 A10.2
2015 M9.7
2015 J24.2
2015 J10.6
2015 A15.2
2015 S10.9
2015 O2.5
2015 N12.4
2015 D18.6
2016 J6.9
2016 F20.3
2016 M3.4
2016 A10.5
2016 M6.5
2016 J9.8
2016 J6.8
2016 A9.8
2016 S9.5
2016 O1.3
2016 N0.8

More investments in residential property, less in passenger cars

Continuing the trend in the preceding months, investments in residential property were up year-on-year. Investments in trucks and trailers grew as well.

Investments in passenger cars, on the other hand, declined noticeably following significant growth one year previously. As additional tax rates and the tax on new passenger cars and motorcycles (BPM) were raised on 1 January 2016, many companies decided to buy new cars prior to 1 January. The figures presented do not provide unambiguous information on the extent to which changing tax laws gave rise to the increase in car sales in November 2015. Investments in aircraft also declined in November 2016.

Investment climate more favourable in January

According to the CBS Investment Radar, the investment climate in the Netherlands is more favourable in January than in November. This is mainly because the development of Dutch share prices is more favourable on an annual basis. The mood among Dutch manufacturers about their order positions improved as well.

The investment climate is affected by various factors including the situation on the global and financial markets.

The numbers in this publication are provisional and can be adjusted.

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