Dutch business investment bounced back in June, rising by 2.7 per cent year-on-year after two back-to-back months of decline, according to figures from Statistics Netherlands (CBS). Capital expenditure had previously dropped by 1.3 per cent in May and 1.5 per cent in April.
The turnaround was largely driven by increased spending on commercial property and heavy transport vehicles, such as lorries, vans, tractor units, and buses. However, outlay on machinery, aircraft, and shipping fell over the same period.
Looking ahead, the CBS investment radar indicated that market conditions for August were less unfavourable than in June. The statistical office pointed to stronger year-on-year stock market growth and a slight easing of negative consumer sentiment as the main factors behind the improvement.
@anp | NEWS BRAINPORT
