Off the wire
• EU gives Lebanon 38.13 mln USD to support stability, maritime resources  • FLASH: EUROGROUP TALKS ON GREECE TO CONTINUE ON THURSDAY: FINLAND'S STUBB ON TWITTER  • China urges western powers to focus on, improve their own human rights records  • France's monthly jobless up by 0.5 pct in May  • FLASH: FINLAND'S STUBB SAYS ON TWITTER THAT EUROGR  • IS starts destroying ancient tombs in Syria's Palmyra: official  • Chinese vice premier meets Serbian PM on advancing bilateral pragmatic cooperation  • Germany issues less permits for arms exports in 2014  • Lebanon demands debt relief from Int'l community to face off Syrian refugee crisis  • Britain's Rotherham sex abuse probe identifies hundreds of potential suspects  
You are here: 　 Home

Dutch economic growth in Q1 revised up

Xinhua, June 25, 2015 Adjust font size:

The Dutch economy grew by 0.6 percent in the first quarter (Q1) of 2015, compared to the fourth quarter (Q4) of 2014, the Central Bureau of Statistics (CBS) stated on Wednesday in its second estimate.

The first estimate, published on May 13 this year, had anticipated a growth rate of 0.4 percent in the first quarter.

Compared to one year previous, the economic growth rate over Q1 was 2.5 percent, versus 2.4 percent of the first estimate.

The overall picture of the economy has not changed, according to the CBS, with growth coming from contributions of investments, consumption and exports. "The investment in fixed capital formation and household consumption in particular were revised upwards", the CBS stated.

"New supplementary data regarding the construction sector suggest that investments in non-residential property and infrastructural projects are higher than initially estimated."

Earlier this month, the Netherlands Bureau for Economic Policy Analysis (CPB) also issued positive figures for the Dutch economy with a projected growth of 2.0 percent this year and by 2.1 percent in 2016. The Dutch national bank, De Nederlandsche Bank (DNB), forecast a growth of 2.0 percent for 2015 and 1.8 in 2016 in its latest bi-annual forecast. Enditem