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The Dutch economy expanded 1.7 percent year-on-year in the first quarter of 2019, slowing from a 2.2 percent growth in the previous period, and in line with the preliminary estimates. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.1 in the fourth quarter of 2018. Also, net foreign demand contributed negatively to the GDP growth, as imports rose 2.2 percent (vs 1.4 percent in Q4) and exports rose at a slower 1.3 percent (vs 2.5 percent in Q4). Meanwhile, government spending expanded 1.3 percent, faster than a 1.0 percent gain in the prior period and fixed investment went up 5.0 percent (vs 2.5 percent in Q4).

The Dutch economy expanded 1.7 percent year-on-year in the first quarter of 2019, slowing from a 2.2 percent growth in the previous period, a preliminary estimate showed. It was the weakest growth rate since the last quarter of 2015, as private consumption eased to 0.7 percent from 2.2 in the fourth quarter of 2018. Also, net foreign demand contributed negatively to the GDP growth, as imports rose 1.6 percent (vs 1.1 percent in Q4) and exports advanced at a slower 1.1 percent (vs 1.5 percent in Q4). Meanwhile, government spending expanded 1.2 percent, faster than a 0.8 percent growth in the prior period and fixed investment went up 4.5 percent (vs 4.4 percent in Q4).

The Dutch economy grew 2.2 percent year-on-year in the fourth quarter of 2018, faster than a preliminary estimate of 2 percent and compared to the previous period's 2.4 percent expansion. Private consumption growth accelerated to 2.2 percent from 1.9 percent and fixed investment advanced 4.4 percent, faster than 0.6 percent in Q3. In addition, net foreign demand contributed positively to the GDP growth as exports rose 1.5 percent (vs 3.4 percent in Q3) and imports went up at a softer 1.1 percent (vs 2.7 percent in Q3). Meanwhile, a negative contribution was made by inventory changes (-0.1 percentage points vs 0.9 percentage points in Q3). Considering 2018 full year, the GDP rose 2.7 percent, following a 2.9 percent increase in 2017.