This figure is only slightly down on the relatively high growth rates of the previous quarters. Household consumption remains the motor of economic growth. In July, consumer confidence in the Dutch economy reached its highest level in ten months. Industrial production seems to be picking up. The inflation rate for June was stable but compared to the Euro zone as a whole the price rises are relatively high.
Registered unemployment continues to fall.
The number of vacancies at the end of the first quarter was the highest ever observed by Statistics Netherlands. The National Accounts data that recently became available confirm the balanced developments within the Dutch economy. The figures are the revised accounts, now conform the latest international guidelines laid down in the European System of National and Regional Accounts. The revision has its influence on the level of the macro total figures. The changes have less consequences for volume changes.