Economic outlook somewhat less negative in December
Statistics Netherlands | CBS
Source published: 31 December 25
Economic outlook somewhat less negative in December
The economic outlook according to the CBS Conjuncture Clock was somewhat less negative in December than in November, with 10 of 13 indicators performing worse than their long-term trend.
The economic outlook according to the Conjuncture Clock of Statistics Netherlands (CBS) was somewhat less negative in December than in November. In the December Conjuncture Clock, 10 of the 13 indicators performed worse than their long-term trend.
The Conjuncture Clock is a tool for determining the state and development of the Dutch economy. The Conjuncture Clock brings together virtually all important economic information that CBS has published during the past month or quarter. The economic outlook according to the Conjuncture Clock is a macroeconomic picture and does not apply equally to all households, companies, or regions.
Consumers equally negative, producers less negative
Consumers were as negative in December as in November, while producers were less negative. Producer confidence was above the average of the past twenty years, while consumer confidence was below it.
Producer confidence
average of the sub-questions
Household consumption and exports grow, investments shrink
In October 2025, households consumed 0.8 percent more than in October 2024 (corrected for price changes and shopping days). They bought both more services and goods.
The volume (working day corrected) of goods exports was 5.6 percent larger in October than in October 2024. Companies mainly exported more machinery, raw materials, and electronic devices.
In October 2025, the volume of investments in tangible fixed assets was 0.4 percent smaller than a year earlier. There was mainly less investment in other road transport (trucks, trailers, vans, etc.).
Industrial production nearly 2 percent higher in October
The calendar-adjusted production of the Dutch industry was 1.9 percent higher in October than in October 2024. Corrected for seasonal and calendar effects, production increased by 0.2 percent compared to September.
More bankruptcies in November
In November, 54 more companies (including sole proprietorships) were declared bankrupt than in October, corrected for sitting days. This is an increase of 21 percent.
House prices over 6 percent higher in November
In November 2025, prices of existing owner-occupied homes were on average 6.1 percent higher than a year earlier. For the eighth month in a row, the price increase is leveling off. Compared to October 2025, prices rose by an average of 0.3 percent.
More hours worked, relatively same number of unemployed, fewer vacancies
In November 2025, there were 408 thousand unemployed. As in September and October, 4.0 percent of the labor force aged 15 to 75 was unemployed. The number of unemployed and employed people increased by an average of 2 thousand per month over the past three months.
Employees and self-employed worked a total of over 3.7 billion hours in the third quarter. Corrected for seasonal influences, this is 0.1 percent more than in the previous quarter.
At the end of the third quarter, 387 thousand vacancies were open, a decrease of 2 thousand. The number of vacancies has been declining almost every quarter for three years.
The turnover of employment agencies and labor mediation was 0.9 percent higher in the third quarter of this year than in the same quarter of 2024.
GDP rises 0.5 percent in third quarter 2025
According to the second calculation by CBS, gross domestic product (GDP) rose by 0.5 percent in the third quarter of 2025 compared to the second quarter. The GDP increase in the third quarter of 2025 is mainly due to exports and government consumption.
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