Zero economic growth confirmed

The Dutch economy did not grow in the third quarter of this year, making it the second consecutive three-month period of zero growth, the national statistics office CBS confirmed on Tuesday.

Year on year, the growth was 1.8%, the lowest figure since early 2005.
The definitive figures are in line with estimates published in mid November.
There was also no jobs growth in the third quarter, the first time this has happened since the end of 2004, the CBS said. Year on year, the number of jobs was up 1.4%, with business services and trade booking the sharpest increases.
Nevertheless, the business services sector is most pessimistic about the short-term prospects. Some 10% of companies expect a decline in sales over the next three months.
But while producer confidence took its biggest knock since 1985 in December, consumer confidence was relatively stable, the CBS said.

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