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The Netherlands’ economy expanded by 1% quarter-on-quarter in the three months to June 2024, consistent with preliminary estimates and rebounding from a 0.3% drop in the previous quarter. It marked the sharpest economic expansion since the second quarter of 2022, largely supported by a positive contribution from net trade. Exports of goods and services advanced by 1.7%, while imports rose at a softer rate of 0.9%. In addition, government spending expanded by 1.2%, attributed to increased spending on healthcare, public administration, and asylum seeker reception. Fixed asset investments also grew by 0.6%, driven by substantial rises in transportation, housing, and machinery. Meanwhile, household consumption fell by 1%, influenced by decreased spending on food, luxury items, energy, and hospitality. On a yearly basis, Dutch GDP grew by 0.8%, recovering from a 0.6% contraction in the preceding quarter.