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Dutch economy grows 0.8 pct in Q4 of 2014

Xinhua, March 27, 2015 Adjust font size:

The Dutch economy grew by 0.8 percent in the fourth quarter of 2014 compared to the third quarter, the Dutch Central Bureau of Statistics (CBS) announced on Thursday.

This second estimate of economic growth for the fourth quarter, based on supplementary information, was higher than the first estimate, published on February 13 this year, which suggested a growth of 0.5 percent.

According to the CBS the upward adjustment of fixed capital investment largely accounted for the difference of 0.3 percentage points. New supplementary data about the construction sector indicate that investments in buildings and infrastructural projects were higher than initially estimated.

The overall picture of the economy is the same as in the first estimate. Exports, investments and household consumption all contributed in a positive manner to the economic growth. This is the third quarter in a row in which the economy grew.

Economic growth over the entire year 2014 was adjusted upwards by 0.1 percentage points and now stands at 0.9 percent. Endit