Dutch slowdown sharpens cash discipline Paolo Maria Pavan What is the situation? The Dutch short-cycle picture worsened in March 2026. CBS shows consumer confidence fell to -30 from -24, the economic climate component dropped to -54 from -42, and the Busines... Paolo Maria Pavan TODAY'S MARKET PULSE Apr 2, 2026
Inflation back up, pressure back on Paolo Maria Pavan What is the situation? Dutch inflation rose to 2.7% in March 2026, up from 2.4% in February. The main signal is not broad overheating. It is a renewed cost shock in the parts of the economy that small... Paolo Maria Pavan TODAY'S MARKET PULSE Apr 1, 2026
Dutch factory prices fall, but not evenly Paolo Maria Pavan What is the situation? Dutch manufacturing output prices were 2.3% lower year-on-year in February 2026 and 0.3% higher than in January. The main downward pressure came from oil-linked sectors. CBS sho... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 31, 2026
Dutch deficit rises, founder costs follow Paolo Maria Pavan What is the situation? The Dutch government ran a €19 billion deficit in 2025, equal to 1.6% of GDP, up from 0.7% in 2024. Government spending reached €529 billion, revenue €510 billion, and public de... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 30, 2026
Founders earn less from the same economy Paolo Maria Pavan What is the situation? CBS says Dutch employee compensation grew 6.4% in 2025, while mixed income from self-employment rose only 0.8%. Real household disposable income still increased 2.7%. Meanwhile,... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 29, 2026
Dutch growth stayed positive, but cautious Paolo Maria Pavan What is the situation? The Dutch economy grew 1.8% in 2025, below its 30-year average of 2%. In Q4, growth was 0.5% quarter on quarter. The economy added 67,000 jobs, but fixed asset investment fell 0... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 28, 2026
Profits Up, Margins Thinner Paolo Maria Pavan What is the situation? Corporate profits rose by €5.2 billion in Q4 2025. However, the more important signal is weaker beneath the headline. Companies kept less margin on each euro of value created. T... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 27, 2026
Dutch housing slows, but stays structurally expensive Paolo Maria Pavan What is the situation? Dutch existing-home prices were 5.4% higher in February 2026 than a year earlier, while 17,675 homes changed hands, up 8.1% year on year. The average transaction price was €487,... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 26, 2026
Consumer confidence turns into a Q2 cash risk Paolo Maria Pavan What is the situation? Dutch consumer confidence fell from -24 in February to -30 in March 2026, the steepest monthly drop in nearly four years. The reading is 19 points below the 20-year average of -... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 25, 2026
Wholesale recovery rewards structure, not optimism Paolo Maria Pavan What is the situation? Dutch wholesale revenue grew 0.9% in 2025 after two weak years. In Q4, growth reached 2.5%. Yet business confidence stayed negative for 16 straight quarters. That is the urgent ... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 24, 2026
Investment falls, timing now matters Paolo Maria Pavan What is the situation? Dutch business investment was 1.4% lower in January 2026 than a year earlier. That is still negative, but less severe than December 2025’s -2.3%. The decline was concentrated in... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 23, 2026
When Energy Shocks Hit Cash Flow Paolo Maria Pavan What is the situation? The ECB now expects eurozone inflation at 2.6% in 2026, up from 1.9%. The trigger is energy. Oil rose above €108 per barrel, gas increased by 50–60%, and Qatar reportedly lost 1... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 22, 2026
