The Dutch economy grew by 0.5% in the second quarter of 2018, compared with the first three months of the year, the national statistics office CBS said on Wednesday.
The growth comes as unemployment fell to record lows and consumer spending also rose. In Germany, the Netherlands biggest trading partner, the economy contracted 0.1% in the second quarter.
The tight jobs market and higher wages led to a 1.7% rise in consumer spending quarter on quarter. Companies also invested more – 5.3% – in the second quarter.
The government’s macro-economic think tank CPB will publish its new forecast for the Dutch economy on Thursday. In June it forecast growth of 1.5% this year.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.