Home breadcru News breadcru Economics breadcru  | Dutch economic outlook deteriorates further in Nov 2023

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Dutch economic outlook deteriorates further in Nov 2023

02 Dec '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The Dutch economic climate was more negative in November 2023 than it was in October 2023, with ** of ** indicators performing below long-term trend.
  • Both consumers and producers were less negative in November than in October.
  • The country's GDP volume fell by an estimated *.* per cent in Q3 relative to Q2—the third consecutive contraction quarter.

Ten out of ** indicators in the tracer in November were performing below their long-term trend. The tracer monitors the state and the cycle of the Dutch economy.

Dutch consumers were less negative in November than in the previous month. However, confidence was still far below the long-term average over the past two decades. Producers were also less negative than in October, with confidence remaining below the **-year average as well.

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