RaboResearch - Economic Research

Economic Update Dutch version

Monthly Update The Netherlands

Exports continue to determine the Dutch economic situation. Growth of domestic demand is far from exuberant. In December inflation climbed with the highest average rise since March 2009. During 2010 both collectively agreed (CAO) wages and inflation rose by the same amount, while wage increases ran above inflation, on average. The situation on the Dutch labour market improved again, but weaker groups remain less successful.