The Dutch economy remained as healthy in mid-July as it was one month earlier according to its business cycle tracer, the national statistics office CBS said on Tuesday.

The CBS business cycle tracer (Conjunctuurklok) is a tool used to monitor the economic situation and economic developments. It uses a selection of 15 key macro-economic indicators, which – together – provide a coherent picture of the state of the economy at a particular moment in time. These indicators have been issued in the past month or quarter.

Consumer confidence was unchanged over the past month, but producer confidence increased along with order books. Both consumer and producer confidence was above the average for the past few years, the CBS said.

The volume of goods exports was 3.3% higher in May than in the year-earlier period. The biggest increases were seen in the export of chemical and base metals as well as machinery.

Gross domestic product was 0.4% higher in the first quarter of 2017 compared with the final quarter of 2016, according to revised figures by the CBS. Growth was attributed largely to increased investment which was 3.2% higher in the first quarter of 2017.