Netherlands: Business confidence falls back into pessimistic territory
February 24, 2014
The producer confidence indicator, which measures Dutch manufacturers' sentiment, fell to a seasonally-adjusted minus 0.1 points in February according to the Central Bureau of Statistics (CBS). The drop represents a deterioration compared to the plus 0.7 points recorded in January and marked a return to pessimistic territory where the index rested for over two years before a brief stint in optimistic territory in December and January.
According to the CBS, two of three components of the indicator deteriorated in February. Businesses were more pessimistic regarding future output and order positions than they were in January, although their perceptions regarding stocks of finished products were slightly more positive.
For 2014, FocusEconomics Consensus Forecast panelists see fixed investment contracting 7.0%, which is unchanged from last month's forecast. For 2015, the panel expects fixed investment to expand 1.8%.