Dutch Q3 GDP Growth Revised Down

(RTTNews) - The Netherlands economy grew less than initially estimated in the third quarter, final data from Central Bureau of Statistics showed Wednesday.

Gross domestic product advanced 0.1 percent in the third quarter from the prior quarter, less than the 0.2 percent estimated initially. In the second quarter, the economy had rebounded by 0.7 percent.

Exports and investments mainly contributed to the sequential growth in economy.

The downward revision is primarily said to be due to a revision of investment in fixed assets.

The recovery of the Dutch economy is still fragile. The economic situation allows taking half a year to see any improvement, the report said.

Annually, GDP increased 1 percent in the third quarter, slower than the 1.1 percent growth estimated initially. GDP advanced 1.1 percent in the second quarter.