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The Netherlands’ economy expanded by 0.8% quarter-on-quarter in the three months to September 2024, in line with preliminary estimates but slowing from a revised two-year high of 1.1% in the previous period. The slowdown was driven by a softer growth in government spending (0.8% vs. 1%) and fixed asset investments (0.4% vs. 0.7%). Net trade also weighed on GDP as imports rose 0.8% (vs. 1.1%), while exports grew more slowly at 0.5% (vs. 1.7%). Meanwhile, household consumption rebounded by 0.9%, recovering from a 0.7% contraction in the prior quarter. On an annual basis, Dutch GDP expanded 1.7%, the sharpest growth since the first quarter of 2023, consistent with initial estimates and picking up from 0.8% in the previous quarter.