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Economic growth in Q1 stands at 2.5%

06 Jul '07
2 min read

The increase in fixed capital formation was even higher than the average for 2006. On the production side of the economy, commercial services, manufacturing and construction realised outstanding growth rates.

Economic growth for 2004 and 2006 adjusted upwards:
Economic growth for 2004 has been corrected to 2.2 percent. This is 0.2 of a percentage point higher than the previously published rate. In 2004 consumption by households in particular was higher than previously calculated, while imports were lower. On the production side, manufacturing output was substantially higher than earlier estimates indicated.

The growth for 2006 was corrected by 0.1 percentage point upwards, to 3.0 percent. This was the result of higher household consumption and fixed capital formation than previously estimated, while net exports were slightly lower. Economic growth for 2005 remains uncorrected at 1.5 percent.

Statistics Netherlands

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