Compared to the last quarter of 2014, the Dutch economy grew 0,4% in the first quarter of 2015. (CBS). This is the 4th month in a row showing growth. Causes for the growth are: Investments, Export and consumer consumption. The growth is a bit lower than the 0,8% growth of the previous quarter, and lower than the expected growth of 0,5%. Minister Henk Kamp wants to use the growth to support entrepreneurs with lowering costs, reducing legislation, and improving funding options. Unemployment declined to 7,1%.
Consumer expenses
Consumers opened their wallets more often. The trend of keeping the wallet sut seems to be broken. More electric appliances and furniture where bought. Catering showed a growth as well.
Investments
Investments were especially made in houses and transportation means for goods and people. Companies invested more in machines, installations, telecommunication and software. Machine capacity utilization is at the highest level since 2008.
Export and Import
Export was 3% higher compared to the same period last year causes by a growth in Oil, Rubber and Plastic goods. Import grew 2%
