Dutch 2nd quarter GDP contraction revised to 0.1%

24th September 2013, Comments 1 comment

The Dutch central statistics office said Tuesday the country's economy contracted by 0.1 percent in the second quarter, revising up its previous estimate of 0.2 percent.

The revision still leaves in recession the Dutch economy, which has now contracted for four consecutive quarters.

Against the same period last year, gross domestic product (GDP) contracted by 1.7 percent during the April through June period, compared to the initial estimate of 1.8 percent.

The statistics office said Tuesday that the number of jobs fell by 137,000 in the second quarter, a drop of 1.7 percent from the same period in 2012 instead of a 1.9-percent decrease initially estimated.

© 2013 AFP

1 Comment To This Article

  • Bruce posted:

    on 25th September 2013, 11:09:54 - Reply

    So, basically, the Dutch economy is a mess.