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The economic downswing will not necessarily have an immediate effect on household income in the Netherlands. Employment is still growing, and collectively negotiated wage increases are larger for...

According to figures released today by Statistics Netherlands, an average 280 thousand people were unemployed in the Netherlands in the period September–November 2008.

In October 2008, retail turnover grew by 5.0 percent relative to the same month last year. The prices went up by 2.6 percent, volume by 2.4 percent.

The Dutch inflation rate over November stood at 2.3 percent, 0.5 percentage points down on October. For the third month running, inflation declined relative to the previous month.

Manufacturing companies expect to invest 2 percent less this year than in 2007. In the spring forecast they still reported that investment would rise by 11 percent.