Netherlands Business Confidence October 2016


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.

For 2016, FocusEconomics Consensus Forecast panelists see fixed investment growing 5.8%, which is unchanged from last month’s forecast. For 2017, the panel expects fixed investment to expand 3.2%, which is down 0.1 percentage points from last month’s projection.

Author: Massimo Bassetti, Economist

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Netherlands Business Confidence Chart

Netherlands Business Confidence October 2016

Note: Value of producer confidence indicator index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Statistics Netherlands (CBS).

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