Thursday 04 June 2020

Dutch economic growth reaches 2.9% in Q2, consumer spending up 2%

Many exports leave the Netherlands via Rotterdam port. Photo: Depositphotos.com

The Dutch economy grew 0.7% in the second quarter of 2018 compared with the first quarter, taking year on year growth to 2.9%, the national statistics office CBS said on Tuesday.

Consumer speaking, investments and exports all helped drive the economy upwards, the CBS said. Consumers spend 2% more in the second quarter, continuing four years of solid growth.

Companies invested more and exports were up almost 3%. Imports rose 2%, the CBS said.

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