Investments plummeting in May

22/07/2020 15:00

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Statistics Netherlands (CBS) reports that the volume of investments in tangible fixed assets was 18.8 percent down in May 2020 relative to the same month last year. This was the largest contraction since the beginning of the time series in 2004. The decline is mainly due to lower investments in buildings, transport equipment such as passenger cars, lorries and semi-trailers and machinery.

Investment data have not been adjusted for calendar effects. May 2020 has three working days less than May 2019. According to the CBS Investment Radar, conditions for investments in the Netherlands are more unfavourable in July than they were in May.

Investments in tangible fixed assets (volume)
Year	Month	change (year-on-year % change)
2016	June	12.7
2016	July	9.7
2016	August	12.7
2016	September	11.2
2016	October	3.9
2016	November	3.8
2016	December	-3.1
2017	January	3.9
2017	February	-0.5
2017	March	8.1
2017	April	-3.9
2017	May	13.2
2017	June	-4.3
2017	July	6.7
2017	August	3.2
2017	September	10.1
2017	October	6.3
2017	November	6.9
2017	December	4.7
2018	January	14.1
2018	February	2.5
2018	March	6.2
2018	April	11.1
2018	May	3.2
2018	June	7.5
2018	July	4.6
2018	August	6.2
2018	September	-6.8
2018	October	7.6
2018	November	5.5
2018	December	-5
2019	January	5.9
2019	February	6.5
2019	March	0
2019	April	7.1
2019	May	9.6
2019	June	-0.7
2019	July	4.3
2019	August	0.2
2019	September	7.1
2019	October	4
2019	November	3
2019	December	7.6
2020	January	2.6
2020	February	3.1
2020	March	2.2
2020	April	-11.6
2020	May	-18.8

Investments in tangible fixed assets (volume)
Year	Month	change (year-on-year % change)
2016	June	12.7
2016	July	9.7
2016	August	12.7
2016	September	11.2
2016	October	3.9
2016	November	3.8
2016	December	-3.1
2017	January	3.9
2017	February	-0.5
2017	March	8.1
2017	April	-3.9
2017	May	13.2
2017	June	-4.3
2017	July	6.7
2017	August	3.2
2017	September	10.1
2017	October	6.3
2017	November	6.9
2017	December	4.7
2018	January	14.1
2018	February	2.5
2018	March	6.2
2018	April	11.1
2018	May	3.2
2018	June	7.5
2018	July	4.6
2018	August	6.2
2018	September	-6.8
2018	October	7.6
2018	November	5.5
2018	December	-5
2019	January	5.9
2019	February	6.5
2019	March	0
2019	April	7.1
2019	May	9.6
2019	June	-0.7
2019	July	4.3
2019	August	0.2
2019	September	7.1
2019	October	4
2019	November	3
2019	December	7.6
2020	January	2.6
2020	February	3.1
2020	March	2.2
2020	April	-11.6
2020	May	-18.8

Investment climate more unfavourable in July than in May

Every month, CBS publishes updates on the investment climate in the CBS Investment Radar. Relevant circumstances for the investment climate include the situation on the sales and financial markets. Although the radar indicators show a strong correlation with investments in fixed assets, improved circumstances are not necessarily translated into increased growth in investments.

According to the CBS Investment Radar, the investment climate in the Netherlands is more unfavourable in July than it was in May. This is mainly due to the fact that the year-on-year export decline was larger. In addition, manufacturers were more negative about their order position.

The figures in this publication are provisional and may be revised upwards or downwards.

Sources

StatLine - Gross fixed capital formation in tangible assets; volume figures

Investment climate more unfavourable in July than in May

Sources

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