Investments nearly 2 percent down in September

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© ANP / Peter Hilz
Statistics Netherlands (CBS) reports that, in September 2023, the volume of investments in tangible fixed assets was down by 1.6 percent year on year. This is mainly due to lower investments in aircraft and residential property. However, more was invested in passenger cars.

Investment data have not been adjusted for calendar effects. September 2023 had one working day fewer than September 2022. According to the CBS Investment Radar, conditions for investments in the Netherlands are more unfavourable in November than they were in September.

Investments in tangible fixed assets (volume)
YearMonthchange (year-on-year % change)
2019October5
2019November4
2019December8.7
2020January 2.7
2020February4.3
2020March3.3
2020April-8.8
2020May-16.6
2020June-2.3
2020July-1.1
2020August-18
2020September-1.6
2020October-4.5
2020November-2.2
2020December0.5
2021January-4.1
2021February-6.9
2021March9
2021April10.2
2021May10.7
2021June9.3
2021July2.9
2021August-0.9
2021September-0.1
2021October-2.3
2021November1.8
2021December3.5
2022January-6.9
2022February4.1
2022March-4.6
2022April-0.8
2022May7.8
2022June3.1
2022July-0.7
2022August3.3
2022September3.7
2022October3.8
2022November3.3
2022December-2.1
2023January9
2023February5.3
2023March4.3
2023April-1.5
2023May6.3
2023June6.2
2023July2.5
2023August7.6
2023September-1.6

Investment climate more unfavourable in November

Every month, CBS publishes updates on the investment climate in the CBS Investment Radar. Relevant conditions for the investment climate include, for example, the situation on the sales and financial markets. Although radar indicators show a strong correlation with fixed investment, improved conditions do not necessarily translate into an increased growth rate or a smaller investment contraction.

According to the CBS Investment Radar, the investment climate in the Netherlands in November is more unfavourable than it was in September. This is mainly because the year-on-year contraction in goods exports was larger. The industrial capacity utilization rate fell as well, and manufacturers were less positive about their order positions.