DutchNews.nl - DutchNews.nl brings daily news from The Netherlands in English

21 May 2025
Newsletter Donate Advertise
  • News
  • Life in the Netherlands
  • Jobs
  • Podcast
  • About us
  • Search
  • Home
  • Economy
  • Art and culture
  • Sport
  • Europe
  • Society
  • Environment
  • Health
  • Housing
  • Education
  • News
    • Home
    • Economy
    • Art and culture
    • Sport
    • Europe
    • Society
    • Environment
    • Health
    • Housing
    • Education
  • Life in the Netherlands
    • Latest
    • Opinion
    • Books
    • Travel
    • 10 Questions
    • Learning Dutch
    • Inburgering with DN
    • Food & Drink
    • Ask us anything
  • Jobs
  • Podcast
  • About us
    • Team
    • Donate
    • Advertise
    • Writing for Dutch News
    • Contact us
    • Privacy
    • Newsletter
  • Search

Dutch economy contracts slightly in Q3 but consumers spend more

November 15, 2022
Work on building a new underground bike park in Amsterdam. Photo: DutchNews.nl
Work on building a new underground bike park in Amsterdam. Photo: DutchNews.nl

The Dutch economy contracted 0.2 percent point in the third quarter of 2022, when compared to the second, following lower investments in housing construction and infrastructure, national statistics office CBS said on Tuesday.

This means the Netherlands could be heading for a slight recession, which is defined as the economy contracting in two successive quarters, chief economist Peter-Hein van Mulligen said.

‘But the contraction is very modest and a lot of other indicators point to the strain elsewhere, such as the labour market. There are still far more jobs than people,’ he said.

Compared with a year ago, the economy grew 3.1%, but this was influenced by coronavirus measures which were in place in the third quarter of 2021, the CBS said.

Consumers spending rose some 2.3% in the third quarter, taking inflation into account, and this was mainly due to increased expenditure on travel, cafes and restaurants and culture.

The European Commission said in its latest economic forecasts on Friday that most of the EU would go into a short recession by the end of the year.

The commission said then the Dutch economy is set to stagnate in the third quarter and to contract modestly in the fourth. The commission estimates the EU economy will grow by 0.3% next year but that the Dutch figure will be double that at 0.6%.

Share this article
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Copy URL
Economy
Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation
Latest
Show more
Police confirm bodies in car are missing children and father
Country safety reports for asylum claims to be kept secret
"The Netherlands is innovative yet surprisingly traditional"
Drents Museum helmet heist "was ordered by Romanian gangsters"
Dutch households advised to stash away €70 in cash per adult
NewsHomeEconomyArt and cultureSportEuropeSocietyEnvironmentHealthHousingEducation
Life in the NetherlandsLatestOpinionBooksTravel10 QuestionsLearning DutchInburgering with DNFood & DrinkAsk us anything
About usTeamDonateAdvertiseWriting for Dutch NewsContact usPrivacyNewsletter
© 2025 DutchNews | Cookie settings

Help us to keep providing you information about coronavirus in the Netherlands.

Many thanks to everyone who has donated to DutchNews.nl in recent days!

We could not provide this service without you. If you have not yet made a contribution, you can do so here.

The DutchNews.nl team

Donate now

Dutchnews Survey

Please help us making DutchNews.nl a better read by taking part in a short survey.

Take part now