Dutch GDP volume falls 0.2% QoQ in Q3 2023, exports dip 1.6% QoQ

This is the third consecutive quarter with contraction. In Q1 and Q2 this year, GDP fell by 0.5 per cent and 0.4 per cent respectively.

The contraction in Q3 can mainly be attributed to declining investments in fixed assets and a decline in inventory changes, CBS said in a release.

Investments in fixed assets fell by 1.8 per cent QoQ in Q3. Furthermore, there was a withdrawal of inventory, versus an accumulation of inventory in Q2. Household consumption remained the same, while public consumption increased by 0.6 per cent.

Exports of goods and services fell by 1.6 per cent QoQ during the quarter. Such imports fell more rapidly at 2.3 per cent. The trade balance contributed positively to economic development in Q3.

ALCHEMPro News Desk (DS)