Robust growth investments, particularly in passenger cars in NetherlandsStaff writer ▼ | February 23, 2016
Statistics Netherlands (CBS) reports that the volume of investments in tangible fixed assets grew by 19.3% in December 2015 on an annual basis. The increase is more substantial than in November.
The Netherlands Statistics Netherlands
In December, investments in passenger cars grew most noticeably. As additional tax rates and the tax on new passenger cars and motorcycles (BPM) were raised on January 1, 2016, many companies decided to buy new cars prior to January 1,.
Motoring organisation BOVAG claims that - in the past decades - December car sales have never been as high as in December 2015. The figures do not provide unambiguous information about the extent to which changing tax laws gave rise to the increase in car sales.
Investments in residential property were also higher than one year previously again. Investments in aircraft also grew compared to December 2014.
According to the Statistics Netherlands’ Investment Radar, the investment climate in the Netherlands in February is less favourable than in December. Factors relevant to a favourable investment climate are the situation on the sales markets and financial markets.
Year-on-year growth of Dutch share prices slowed down and the growth of exports was also less substantial on an annual basis. ■