Netherlands: Business confidence drops in May
May 30, 2017
The producer confidence indicator, which measures Dutch manufacturers’ sentiment, fell from an over nine-year high of 8.3 in April to 6.1 in May, according to the Central Bureau of Statistics (CBS). The reading was nevertheless above the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, the worsening reflected producers’ less positive views regarding future output, order books and stocks of finished products. In terms of specific sectors, producers in the textile, clothes and leather industry were the most optimistic, followed by those in the wood and construction industry.