Netherlands: Business confidence falls in September
September 24, 2013
The producer confidence indicator, which measures Dutch manufacturers' sentiment, fell to a seasonally-adjusted minus 2.8 points in September according to the Central Bureau of Statistics (CBS). This represents a deterioration compared to the minus 1.6 points recorded in August, which is the highest level since December 2011. Moreover, the index is idling below the 0-point threshold that separates optimistic from pessimistic sentiment where it has been since June 2011.
According to the CBS, all three components of the indicator worsened in September. Businesses were more pessimistic than they were in August regarding current orders, stocks of finished products and projected output over the next three months.
For 2013, the FocusEconomics Consensus Forecast panel sees fixed investment contracting 8.2%, which is unchanged from last month's forecast. For 2014, the panel expects fixed investment to expand 0.8%, which is unchanged from last month's projection.
Author: Carl Kelly, Economist