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Dutch economy continues to rise, quarter on quarter growth hits 0.7%

November 15, 2016

economic growth exports rotterdam portThe Dutch economy grew again in the third quarter of this year, increasing 0.7% on the second three months, the national statistics office CBS said on Tuesday.

The Netherlands now has the fastest growing economy in Europe and the key growth figure has risen for 10 quarters in a row, the CBS said.

Year on year, the economy grew 2.4% in the third quarter. Consumer spending increased as did exports and corporate investments. In particular, consumers spend more on going out, leisure and healthcare as well as electrical equipment.

The number of jobs rose by 26,000 in the third quarter, taking the total number of new positions since the beginning of 2014 to 250,000. The Dutch economy now comprises some 10 million jobs, which is more than at the start of the financial crisis in 2008, the CBS said.

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