Dutch GDP Logs Fifth Straight Fall In Q2

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Dutch gross domestic product or GDP fell for the fifth straight quarter in the second quarter as exports, investment and household consumption dropped. But, government spending increased.

GDP fell 0.9% quarter-on-quarter in the second quarter after a revised drop of 2.7% in the first quarter. The economy shrank more than the expected 0.7% contraction.

Compared to the previous year, GDP declined 5.1%, quicker than a 4.5% decrease logged in the first three months of the year. Economists had predicted the economy to shrink 4.9% in the second three-month period.

Dutch gross domestic product or GDP fell for the fifth straight quarter in the second quarter as exports, investment and household consumption dropped. But, government spending increased. (Market News Provided by RTTNews)