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3/30/06

Fibre2Fashion: Dutch economy up 1.1% in 2005

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Dutch economy up 1.1% in 2005

"Statistics Netherlands" announces that the growth rate of the Dutch economy in 2005 reached 1.1 percent. This is lower than the 1.7 percent growth rate in 2004, but well above the figures for the years 2002-2003. This is according to the second estimate made by Statistics Netherlands. The economic growth rate is 0.2 percent point higher than in the first estimate of February.

Again, exports were the driving force behind the continuous but modest economic recovery in 2005. Furthermore there was another slight increase in investments. There was a very modest increase in the consumption of households and government. There were two working days less in 2005 than 2004.

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