Home / Knowledge / News / Exports growth slackening off in Q2
Exports growth slackening off in Q2
Aug '08
According to a first estimate released by Statistics Netherlands, economic growth was 2.8 percent in the second quarter of 2008 relative to the same period last year. The second quarter of 2008 had one extra working day compared to the second quarter of 2007.

Economic growth is below the average level of 2007. There was a downturn in the growth of exports and government consumption. Employment increased by 160 thousand (2.1 percent) relative to a year ago. The increase is more or less the same as in the preceding quarters.

Quarter-on-quarter growth 0.0 percent:
Compared to the previous quarter, the Dutch ecnomy recorded a zero economic growth in the second quarter of 2008. If the effects of seasonal variation and the amount of extra working days are taken into account, the volume of the gross domestic product (GDP) was the same as in the first quarter. For the first time in three years, there is no quarter-on-quarter growth.

Exports growth slackening off:
In the second quarter of 2008, the exports volume of goods and services was 4.2 percent up on last year's second quarter, whereas growth over the whole year 2007 was 6.5 percent. Exports of Dutch products grew by 4 percent. Growth of re-exported goods dwindled to just over 5 percent. With a rate of 4.8 percent, imports grew more rapidly than exports.

Over 160 thousand extra jobs:
Despite the slowdown in economic growth, the number of jobs increased by 164 thousand relative to a year ago. For the first time, there are more than 8 million jobs of employees, but the 2.1 percent growth is marginally down on the preceding quarters. The same applies to the quarter-on-quarter growth of 0.4 percent.

Statistics Netherland

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search