![]() ![]() Investments declined by over 5 percent in January 2021. In May 2020, investments contracted by over 18 percent, mainly on account of fewer investments in transportation equipment. The volume of investments in tangible fixed assets has seen a less severe decline during the present lockdown than last spring. accommodation and food services, recreation, sports and culture.ĭomestic household consumption (volume, shopping day adjusted) jaar By closing of all non-essential retail outlets as of 15 December 2020, an exceptional decline was recorded in consumer spending on durable goods, aside from severe declines in e.g. The largest decline since April 2020 was recorded in January 2021. Easing of the restrictions in the summer was followed by tighter COVID-19 measures as of mid-October, which led to another slump in household consumption. In April 2020, household consumption took a severe hit, contracting by more than 17 percent. Household consumption, investments, public consumption and the trade balance all count towards gross domestic product (GDP). Roughly three-quarters of this contraction could be attributed to lower household consumption. ![]() In 2020, the economy contracted by 3.7 percent. This is reported by Statistics Netherlands (CBS) in its review of the Dutch economy in the year 2020. For the time being, the current lockdown therefore appears to have a lower impact on large parts of the Dutch economy than last year’s lockdown. This was once again followed by plummeting household consumption however, goods exports and investments suffered a less harsh impact than during the first lockdown. After easing of the COVID-19 measures over the summer, the restrictions were once again tightened as of mid-October, both within and outside the Netherlands. 15:00 © Hollandse Hoogte / Flip Franssenĭuring the first lockdown in the spring of 2020, unusually sharp declines were recorded in Dutch household consumption, goods exports and investments. ![]()
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