Netherlands Business Confidence December 2020

Netherlands

Netherlands: Business confidence hits highest reading since March in December.

January 4, 2021

Business confidence rose to minus 0.4 in December from November's minus 3.8. December's result marked the best reading since April. Consequently, the index moved closer to the 0-threshold, but still indicated pessimism among businesses.

The uptick chiefly reflected improved attitudes regarding expected output; global economic activity is expected to pick up in 2021 from 2020’s coronavirus-induces downturn. Moreover, producers are less pessimistic regarding their order books, and slightly more optimistic regarding stocks of finished goods.

Consensus Forecast panelists see fixed investment expanding 1.3% in 2021, which is down 0.9 percentage points from last month’s estimate, and 4.1% in 2022.


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Netherlands Business Confidence December 20 20

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


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