The Trade Agreement between Europe and the United States in Late July Provides Some More Peace of Mind for Dutch Companies. However, The Fall of the Cabinet Just Before the Summer Brought More Uncertainty. For Example, The Energy Transition and Housing Construction Are Experiencing Delays.
In July, the eu and the us agreed on an import duty of 15 percent on European Goods Going to the US. A rate of 50 percent has leg agre for steel and aluminum. The Agreement Gives Dutch Companies That Export To The Us Clarity, Rabobank Writes in An Analysis on Thursday.
Company Figures Fluctuated in the Past Six Months Due to Uncertainty Before The Trade Deal. Yet the Influence of the Trade War was narrower than expected for Dutch industry.
But the fall of the cabinet in June has thrown a wrench in the works. Larger Files Are Therefore Delayed. There is much Uncertainty About, Among Other Things, The Approach to the Nitrogen Surplus, The Energy Transition, Housing Construction and Infrastructure. This creates more uncertainty for companies that deal with these themes.
For Example, The Construction Sector HAS SEEN A CONTRACTION IN THE PAST Two Quarters. This is Largely Due to Staff Shortages, But The Nitrogen Problem and the Uncertainty Caaased by the Fall of the Cabinet also Play a Role. Accordance to Rabobank, the sector Will Grow Slightly in the Coming Six Months.
People Spend Less Money On Catering and Clothing
Furthermore, Consumers Have Spent A Little Less Money in Recent Months, Especialy in Catering and Clothing. Rabobank is Therefore Adjusting the Growth Expectation of Those Sectors downwards for the Coming Six Months. “The entrepreneurs in that sector are more pessimistic,” The Bank Writes.
The Past Six Months Looked a Little Brighter for the ICT sector. Accordance to the bank, these companies also “have to deal with geopolitic tensions”, which there is Less Room for Investments in New Technologies. Yet developments in the field of ai and the need for automation are creating more demand in ICT.