DutchNews.nl - Dutch economy contracted 0.4% in second quarter

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Monday 24 September 2012

The Dutch economy contracted 0.4% in the second quarter of this year, the national statistics office CBS said on Monday.

The CBS said in mid-August the economy had shrunk 0.5% between April and June.

Quarter on quarter the economy grew 0.2%, unchanged from earlier forecasts.

The upwards revision stems from higher than forecast exports which have boosted the trade surplus, the CBS said.