Netherlands: Business confidence improves in February
February 22, 2013
The seasonally adjusted producer confidence indicator elaborated by the Central Bureau of Statistics (CBS) rose from minus 5.6 points in January to minus 3.6 points in February, the highest level in 10 months. That said, the index still remains well below the 0-point threshold that separates optimistic from pessimistic sentiment.
According to the CBS, businesses were less pessimistic about the expected level of output in the next three months. On the other hand, businesses seemed more pessimistic about future employment as well as their order positions.
For 2013, the panel sees fixed investment contracting 2.2%, which is down 0.9 percentage points from last month's Consensus. For 2014, the panel expects fixed investment to expand 1.7%.