Dutch Economy Contracts More Than Initially Estimated

The Dutch economy, the fifth largest in the euro area, contracted more than initially estimated in the first quarter, as estimates of consumer spending and investment were revised down.

Gross domestic product fell 0.4 percent from the previous three months, according to final figures published by the national statistics bureau in The Hague on its website today. All eight economists in a Bloomberg survey had forecast that the bureau would maintain its initial estimate of a 0.1 percent contraction released on May 15.