AMSTERDAM: The Netherlands’ economic growth held steady in the three months ended June as initially estimated, latest data from the Central Bureau of Statistics showed Friday.
Gross domestic product rose at a stable pace of 0.6 percent quarter-on-quarter in the second quarter, confirming the flash data published on August 12.
In the fourth quarter of the previous year, the rate of expansion was 0.2 percent. The growth in the second quarter was mainly due to higher investment and consumption. Also, net exports contributed positively to GDP.
Annually, economic growth accelerated to 2.3 percent in the second quarter from 1.5 percent in the first quarter. That was also in line with the preliminary data. On a calendar-adjusted basis, the economy expanded 1.8 percent year-on-year after 1.5 percent growth in the first three months of the year.
