Dutch economy grew 1.7% last year, Germany 3.6%

The Dutch economy grew 2.4% in the last three months of 2010, taking full year growth up to 1.7%, according to the latest figures from the national statistics office CBS.

Quarter on quarter the economy grew 0.6%.
Increased exports were a main motor behind the growth and industrial product was up 6%. The engineering sector in particular benefited from increased demand.
The number of job vacancies also rose slightly in the final quarter to reach 130,000 and household spending rose 1.5%, the CBS said.
Growth figures for neighbouring Germany were also published on Tuesday and show 3.6% growth. Germany is the Netherlands’ biggest trading partner.

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