RaboResearch - Economic Research

Economic Update Dutch version

Monthly Upate The Netherlands

The Dutch economy grew 0.6% in the last quarter of 2010, taking full year growth up to 1.7%. Looking ahead, the pace of Dutch growth is set to moderate in the coming months, resulting in a slightly lower GDP-growth of 1,5%.

Economic Update Dutch version

Monthly Update The Netherlands

Economic growth for 2010 amounted to 1.7%. World trade remained the driver of the economy through last year. Despite an increase in production and producer confidence, industrial entrepreneurs remained reluc¬tant to invest.

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.

Economic Update Dutch version

Monthly Update The Netherlands

The recent freeze has caused a sharp surge in gas production and this will presumably push growth figures up for the fourth quarter of 2010. With the cold weather, consumers spent more, though not by choice. Consumers still lack confidence, while producers end the year positively.