In the second quarter of 2006, economic growth in the Netherlands reached 2.8 percent. The growth of the Dutch gross domestic product (GDP) was achieved with one working day less than in 2005.
The second estimate of the economic growth in the second quarter is up by 0.4 percent points on the first estimate, which was on 10 August. This is according to the latest figures by Statistics Netherlands.
Exports made the greatest contribution to economic growth. Furthermore domestic spending is clearly recovering. Households consumed more, and businesses invested more.
Upward adjustment of economic growth rate
Second quarter economic growth saw an upward adjustment of 0.4 percent points.
This is because the production figures of industry, construction and care are higher than estimated earlier.
Therefore, less was supplied from stock, and investments and government consumption are higher.
Quarter-on-quarter growth at 1.2 percent
The volume of GDP in the second quarter was up by 1.2 percent on the first quarter of 2006.
In the first estimate this was 1.0 percent. The quarter-onquarter growth rate of 1.2 percent in the second quarter is the highest in over two years.
Increased growth in all expenditure categories
The 2.8 percent economic growth in the second quarter of 2006 is virtually the same as in the first quarter.
Compared to 2005 this means the growth rate almost doubled. The fastestincrease is in household consumption.
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