The economy shrank in the first quarter, slightly less than previously thought

with The economy in the first quarter, by 1.5 percent, pre-shrunk, appears on Wednesday in the second calculation, the Central Bureau of Statistics (CBS). It is the shrinking slightly less than previously thought.

For the first calculation, was to the government statistics, from a contraction of 1.7 per cent from a quarter earlier. The economy shrank for the first time in almost six years, after the country in mid-march in this moment was due to the corona disease outbreak.

The figure is slightly higher than the calculation from the previous month, due to the above revision of the investeringscijfers. In particular, the bouwinvesteringen layers is higher than previously thought. Consumption by households has been slightly upward adjusted. However, the lack of consumption of the households, the main reason for the economic slow-down.

compared with a year earlier, the economy contracted in the first quarter, by 0.2 per cent. In the first of these calculations was 0.5%.

the Underlying figures are still not very good,

The outlook is not much better. The CBS does not give forecasts of the economic contraction in the second figure, but the figures don't show a rosy picture. The statistical agency reported that the conjunctuurbeeld has further deteriorated in June. The so-called conjunctuurklok of the CBS is to perform eleven of the thirteen indicators in mid-June, a worse-than their long-term trend.

one Positive note is that the level of consumer confidence and business confidence in June increased slightly compared to may. The confidence of producers and consumers is, however, always far less than the long-term average.