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Substantial downward revisions have been made to Dutch GDP data. According to the new figures, the economy contracted by 1.3% in 2012 and by 0.4% in 2013 Q1. Q1 saw a weaker than expected pick-up in exports and a sharp decline in investment. Private consumption was flat and the fiscal tightening deepened. More recent data are encouraging, with PMI at a 4-month high and EC Economic Sentiment – at a 14-month high in June.
Source : Cushman & Wakefield
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