POST Online Media Lite Edition


Economic picture mid-March virtually unchanged in Netherlands

Christian Fernsby |
According to the CBS Business Cycle Tracer, the economic situation in March has hardly changed compared to the previous month.

Article continues below


Statistics Netherlands (CBS) reports that nine of the thirteen indicators in the Tracer as published mid-March are performing above the level of their long-term trend.

The economic picture of March does not yet reflect the effects of the coronavirus outbreak.

The CBS Business Cycle Tracer of mid-March does not contain any figures from March 2020. The CBS Business Cycle Tracer is a tool used to monitor the situation and the developments in the Dutch economy. It uses thirteen key macro-economic indicators.

Together, these provide a coherent macro-economic picture which is based on CBS figures published over the past month or quarter.

It does not represent the situation at the level of individual households, businesses or regions.

In March, consumer confidence is the same as in February.

Producer confidence was more favourable in February than in January.

Both consumer and producer confidence are above the long-term average.

Approximately 85 percent of the respondents participating in the consumer confidence survey had already responded to the survey before the far-reaching measures against the spread of coronavirus came into effect on Thursday 12 March.

The effect of these measures is probably not yet reflected in the consumer confidence measurements for March.

The total volume of goods exports grew by 3.7 percent in January year-on-year.

Growth was slightly lower than in the previous month.

In January 2020, exports of electrotechnical products and machinery and petroleum products increased in particular.

The volume of investments in tangible fixed assets was 2.3 percent up in January 2019 relative to the same month last year.

This was mainly due to higher investments in the construction sector.

Dutch consumers spent 1.0 percent more in January 2020 than in January 2019.

The growth rate was considerably lower than in December (2.9 percent).

This was due to lower natural gas consumption, among other things.

In January 2020, the average daily output generated by the Dutch manufacturing industry was 0.3 percent up from one year previously.

Output showed a year-on-year decline in the preceding two months.

The number of corporate bankruptcies has hardly changed.

There were 3 more bankruptcies in February 2020 than in the previous month.

The trend has been relatively stable in recent years.

In Q4 2019, the number of full-time and part-time jobs held by employees and self-employed rose by 53 thousand to 10,751 thousand jobs.

This is an increase of 0.5 percent relative to the previous quarter.

Compared to Q4 2018, the number of jobs grew by 189 thousand, an increase of 1.8 percent.

The number of jobs has grown for almost six consecutive years.

Since Q2 2014, it has increased by 1,023 thousand.

The total number of hours worked by employees and self-employed reached a total of almost 3.5 billion in Q4 2019.

When adjusted for seasonal effects, this is 0.8 percent more than in the previous quarter.

At the end of December, the number of job vacancies stood at 291 thousand, up by over 3 thousand compared to the previous quarter.

Tension in the labour market has grown slightly.

In Q4 2019, there were on average 92 job vacancies per 100 unemployed.

In Q3 2019, there were 90 vacancies per 100 unemployed.

In February, there were 274 thousand unemployed (according to the ILO definition).

In the past three months, unemployment fell by an average of 17 thousand per month.

The number of unemployed in February is equivalent to 2.9 percent of the labour force.

For the first time since 2003 - the first year for which monthly figures are available - this percentage is below 3.0.

According to the second estimate of GDP conducted by CBS, gross domestic product (GDP) rose by 0.4 percent in Q4 2019 relative to the previous quarter.

Growth was mainly due to consumption and investments.

GDP grew by 1.6 percent relative to Q4 2018.

What to read next

Economic sentiment edges up in Czech Republic in October
Goods imports from China in Netherlands worth over 39 billion euros
Czech Republic economic sentiment improves in July

Heavy rainfall along U.S. eastern seaboard; dangerous heat wave shifting

A weak front with tropical moisture will be quasi-stationary over parts of the Northeast, Mid-Atlantic, and Southeast through Sunday.


U.S. drillers cut oil and gas rigs to 584
Attorney General Ken Paxton stops Biden’s ban on liquified natural gas exports
Germany to cut Huawei, ZTE parts in 5G network from 2026
Ericsson Q2 sales down but North America up


U.S.: Dangerous heatwave

Severe thunderstorms across portions of U.S. Central Plains and Mississippi Valley; heat continues in Southern Plains
New Delhi airport roof collapses under heavy rain
Bulgaria: EPPO charges entrepreneur with fraud involving construction of dairy facility
Switzerland: Gotthard Base Tunnel on track to fully re-open in September
Heavy rain with flooding possible in southwest U.S. and upper Midwest; heat continues in east


Scotland secured record inward investment in 2023

Chinese seaport cities register soaring output of port economy in 2023
U.S. bankruptcies in June hit record high since 2020
Baker Hughes U.S. oil rig count unchanged at 479
EU-Kenya trade agreement comes into effect
U.S. drillers cut oil and gas rigs to 581

Trending Now

Attorney General Ken Paxton stops Biden’s ban on liquified natural gas exports

Heavy rainfall along U.S. eastern seaboard; dangerous heat wave shifting

Canada and Alberta supporting Alberta Beef Producers

Citroën C3 Aircross, the most affordable compact SUV with 7 seats


North Macedonia to take 500 million euros loan from Hungary

Under Secretary Fernandez travels to Japan and Indonesia
€10.82 billion French State aid scheme to support offshore wind energy
EU approves Lufthansa Group-ITA Airways deal, subject to conditions
Europe imposes duties on Chinese electric vehicles
Australia and New Zealand to fund critical undersea cable infrastructure for Tonga

Today We Recommend

U.S. bankruptcies in June hit record high since 2020


Ericsson Q2 sales down but North America up

North Macedonia to take 500 million euros loan from Hungary

BYD to build factory in Türkiye


APM Terminals Suape advances sustainable port operations with major investment in all-electric handling equipment

BYD to build factory in Türkiye
U.S. awards Moderna $176 mln for vaccine development amid bird flu outbreak
Robertshaw to close Trnava, Slovakia plant, plant assets available for sale
DOF Group to acquire Maersk Supply Service for $1.11 billion
CureVac sells COVID-19, flu vaccines to GSK amid restructuring


Africa Finance Corporation appoints executive director, financial services

Lindemann Metal Recycling: Markus Tandel named head of procurement and aftermarket
Travis Leonard joins Lockton as CFO
African Development Bank appoints director of statistics department
Azentio expands its leadership team with two new appointments
Afreximbank announces board changes


Eurozone reports modest Q1 GDP growth, stable annual inflation

Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany


Lockton revenue $3.55 billion

Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
Dollar General Q1 operating profit decreased 26.3%


Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?


Canada and Alberta supporting Alberta Beef Producers

EU allocates €77 million in emergency support to farmers in Austria, Czechia, Poland and Portugal
Brazil opened its market for Australian mutton and lamb
Hong Kong suspends import of poultry meat and products from areas in Australia and U.S.
World's first: Denmark to impose CO2 tax on livestock
Finland to start bird flu vaccinations for humans, in world first


Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value


Italy issues $6.4 million fine over Chinese cars badged as Italian

EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions
HSBC pays penalties for alleged breaches of Consumer Data Right rules
Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts



Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan


Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric


Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design


MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players


New Alzheimer's treatment approved by FDA

UK introduced new pregnancy prevention measures for topiramate (Topamax)
UK: People with HIV can now donate eggs or sperm to start family
EU health watchdog urges vaccinations to stem surge in Whooping Cough cases
Brazil resumes insulin production after two decades
India launches first home-grown gene therapy for cancer


India to build first phase of its own space station by 2028

Roscosmos chief approves schedule of creating Russian orbital station through 2033
Potentially habitable 'exo-Venus' with Earth-like temperature discovered
Rare species of wild bees discovered in Berlin
SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada