Dutch private sector investments nearly 3 percent up

Dutch private sector investments nearly 3 percent up

The volume of Dutch private sector investments in tangible fixed assets was 2.6 percent up in November 2013 from November 2012. For the second month in a row, private sector investments were higher than one year previously. This is mainly due to investments in cars and machinery according to figures released by Statistics Netherlands.

Growing car sales are partly caused by changing tax laws. On 1 January 2014, the limits for CO2 emission, which apply to the tax on passenger cars and motorcycles (BPM) and the additional tax liability for company cars, will again become stricter. Therefore, many companies decided to buy new cars prior to 1 January.

November had one working day less in 2013 than in 2012. Figures on private sector investments are not adjusted for the effect of the number of working days.

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