Netherlands: Business confidence continues to improve in October
October 28, 2016
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, increased from September’s 3.4 to 4.3 in October, according to the Central Bureau of Statistics (CBS), thus moving further above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, the improvement reflected that producers had become more positive regarding future output over the next three months but less positive about their order books and their stocks of finished products. In terms of specific sectors, confidence increased the most among producers of transport vehicles and equipment, followed by the paper and printing industry. In contrast, confidence decreased in refineries and chemistry, though the sector remained positive overall.