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 MARKET
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 MARKET
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 MARKET
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 MARKET
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 MARKET
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 MARKET
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 MARKET
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 MARKET
Transport Growth Hides Margin Pressure Paolo Maria Pavan What is the situation? Dutch transport revenue grew 4.4% in 2025, with bankruptcies down 26%. Yet business confidence is negative at -4.7.This divergence between subsectors is notable. Land transport ... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 22, 2026 MARKET
The labor market is shrinking permanently Paolo Maria Pavan What is the situation? In 2025, 806,000 people in the Netherlands were out of work due to illness or disability. Of these, 79%, about 661,000, expect never to return. Meanwhile, the truly available ta... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 21, 2026 MARKET
Unemployment up, hiring still tight Paolo Maria Pavan What is the situation? Unemployment in the Netherlands reached 4.1% in February 2026. This equals about 410,000 people. At the same time, 380,000 vacancies are available. That means there are 93 jobs ... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 20, 2026 MARKET
Dutch trade gap widens in January Paolo Maria Pavan What is the situation? Dutch imports rose 5.0% in January 2026, while exports increased only 1.1%. That means import growth was about 4.5 times faster than export growth.The signal is not export recov... Paolo Maria Pavan TODAY'S MARKET PULSE Mar 19, 2026 MARKET
